ABG Shipyard

ED raids multiple locations in ÀBG Shipyard bank loan fraud case

As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act (PMLA)

published on : 26th April 2022

ABG Shipyard's Rs 22,000 crore scam: Why IBC provision against frauds remain ineffective

It was probably the biggest loan fraud case recorded in India, and even before the CBI caught up with the promoters, information about their financial misadventures was already in public.

published on : 20th March 2022

No PSB bank employees found involved in Rs 14,349 crore ABG Shipyard bank fraud case: Sitharaman

As many as 27 banks and financial entities were engaged in the consortium lending to ABGSL at the time of loan arrangement.

published on : 15th March 2022