The biggest scam in banking history has come to light in Gujarat. On the complaint of State Bank of India (SBI), the Central Bureau of Investigation (CBI) has registered an FIR against 8 people including ABG Shipyard and its then Chairman and Managing Director Rishi Kamlesh Agarwal for cheating 28 banks to the tune of Rs 22,842 crore. Is.
Let us tell you that ABG Shipyard Company does ship building and repair work. Its shipyards are located at Dahej and Surat in Gujarat. According to the FIR, this scam is from April 2012 to July 2017. This scam can be called the biggest scam ever in banking fraud because it is bigger scam than Nirav Modi.
The maximum amount of Rs 7089 crore of ICICI Bank
According to the complaint of SBI’s DGM, the company has Rs 7089 crore of ICICI Bank, Rs 3634 crore of IDBI Bank, Rs 2468 crore to SBI, Rs 1614 crore of Bank of Baroda, Rs 1244 crore of Punjab National Bank, 1228 of Indian Overseas Bank. crores and LIC has lost Rs 136 crores.
Property bought abroad with money
According to the CBI FIR, the names of two major companies involved in the fraud are ABG Shipyard and ABG International Private Limited. Both the companies belong to the same group. It is alleged that fraudulent money from banks was also sent abroad and many properties were bought. Money was sent from one company to another, keeping all the rules and regulations in mind.
The first complaint happened three years ago
The bank had first filed the complaint on November 8, 2019, on which the CBI had sought some clarifications on March 12, 2020. The bank filed a new complaint in August that year. After investigating for more than one and a half years, the CBI acted on the complaint which registered the FIR on February 7, 2022.
Company took loan of Rs 2468.51 crore
The company was sanctioned loan of Rs 2468.51 crore by SBI as well as 28 banks and financial institutions. The audit revealed that between 2012-17, the accused allegedly colluded and carried out illegal activities, including misappropriation of money and criminal breach of trust.
Case registered against these people
Besides Agarwal, the agency has also booked the then executive director Santhanam Muthaswamy, directors- Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and another company ABG International Pvt Ltd for allegedly criminal conspiracy, cheating, criminal breach of trust and official misappropriation. case has been filed for