ABG Shipyard Fraud Case: ED’s action in country’s biggest banking scam, 30 locations raided
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The ED first talked to the higher officials of many other banks including SBI in this matter, then this action is being carried out. The ED had registered a money laundering case in February 2022.
ABG Shipyard (ABG Shipyard Fraud CaseIn the country’s biggest banking fraud of 22842 crores, a big action has been taken by the Enforcement Directorate today. According to the report of CNBC TV18, the ED team is conducting raids at 30 different locations of the company. This action is being taken at different locations of Mumbai, Kolkata, Surat and Pune. The ED first talked to the higher officials of many other banks including SBI in this matter, then this action is being carried out. In this case, the CBI has accused the company’s Managing Director Rishi Kamlesh Agarwal and many others of defrauding the banks of Rs 22842 crore.
This case is related to money laundering. On the basis of the CBI FIR, the Enforcement Directorate had registered a case of money laundering in February 2022. The former promoters of the company have been made accused in this case.
ED raids multiple locations in Mumbai, Pune Surat in ABG Shipyard bank loan fraud money laundering probe case: Officials
— Press Trust of India (@PTI_News) April 26, 2022
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