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.
abg shipyard scam
September 2022
February 2022
How banking frauds mount
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.
ABG Shipyard fraud: CBI issues look out circulars against CMD, directors
The accused have been located in India and the look out circulars have already been issued against them, informs CBI.
