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Friday, October 7, 2022

ABG Shipyard Bank Fraud: CBI arrested the chief of ABG Shipyard, accused of bank fraud of so many crores

The Central Bureau of Investigation () on Wednesday arrested Rishi Kamlesh Agarwal, founder chairman of ABG Restricted, in a financial institution fraud case. had registered a case in opposition to 8 folks together with RK Agarwal.

Based on the report of NDTV, the CBI is looking this financial institution rip-off the most important rip-off. ABG Firm Chairman RK Agarwal has been arrested by the probe company in reference to the Rs 22,800 crore financial institution rip-off.

For data, allow us to let you know that the Central Bureau of Investigation had charged RK Agarwal and others on prices of legal conspiracy, dishonest, legal breach of belief and abuse of official place beneath IPC part. Motion has additionally been taken in opposition to Agarwal beneath the Corruption Act.

CBI officers stated the corporate had bought mortgage amenities from 28 banks and monetary establishments led by ICICI Financial institution. On this State Financial institution of had an publicity of Rs 2,468.51 crore. This firm does the work of constructing and repairing ships. Between 2012 and 2017, the accused colluded with one another and carried out unlawful actions.

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