ED seizes assets worth ₹2,747 cr in India's biggest bank fraud case
The attached assets include two shipyards in Surat and Dahej, plots, commercial and residential premises in Gujarat and Maharashtra and bank accounts owned by ABG Shipyard.
The attached assets include two shipyards in Surat and Dahej, plots, commercial and residential premises in Gujarat and Maharashtra and bank accounts owned by ABG Shipyard.
AGB Shipyard’s loan defaults were known since 2013 and continued to be ignored till 2016. Its frauds were found out in 2019 and yet not much happened until it exploded in February 2022.
The statement comes after the Congress attacked the Narendra Modi government for "dilly-dallying" on India's biggest banking fraud.