WebABG Shipyard Ltd was granted clearance from the Government of India to build warships and various other vessels for the Indian Navy. It was the second corporate shipyard to receive this licence after Pipavav Shipyard . In 2004, it was awarded a contract to build pollution-control vessels for the Indian Coast Guard. Web15 Feb 2024 · ABG Shipyard, one of the most prominent private sector shipping firms, was on Saturday booked for allegedly defrauding 28 banks to the tune of Rs.22,842 crore. Apart from Agarwal, Santhanam Muthuswamy, Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia have also been named in the case.
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Web27 Sep 2024 · The yard was pulled out of administration by the Scottish Government and nationalised in 2024, but a series of issues with the building of the vessels were soon identified that resulted in delays... Web10 Apr 2024 · What is the ABG shipyard scam: In February 2024, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard Ltd for cheating a consortium of 28 banks including the State Bank of India (SBI), IDBI and ICICI. The company owes Rs. 22842 crores to banks. It is India’s biggest bank fraud. The audit for the period between April ... black peppercorn origin
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Web16 Feb 2024 · The shipyard was found to have defrauded 28 banks of an amount that is significantly higher than the Rs 12,000-crore scam by diamond trader Nirav Modi and … Web26 Feb 2024 · ABG shipyard scam: India's biggest banking fraud The inside story of how Rishi Agarwal of ABG Shipyard allegedly misappropriated Rs 22,842 crore in loans from a consortium of 28 Indian banks Advertisement MG Arun Kiran Tare Mumbai, ISSUE DATE: Mar 7, 2024 UPDATED: Mar 5, 2024 07:30 IST Web18 Feb 2024 · ABG Shipyard Scam by Sachin Kaushik February 18, 2024 0 1037 The modern Harshad Mehta, who trumped up Vijay Mallya and Nirav Modi, successfully got away with India’s biggest bank scam worth 23,000 Cr. The details of … garfield township michigan population