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ABG Shipyard: How The Large Bank Fraud Was Executed
The ABG Shipyard story: Why banks had to declare over Rs 22,000 crore in loans as 'fraud'.
15 Feb 2022, 08:56 AM IST
The Central Bureau of Investigation has charged ABG Shipyard Ltd., five of its senior officials, ABG International Pvt. and unnamed public servants with allegedly defrauding 28 banks. The loss to the banking system amounts to Rs 22,842 crore, the investigative agency said.According to the first information report filed on Feb. 7, the CBI is looking into allegations of diversion and misappropriation of funds, as well as criminal breac...
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