ED files money laundering case against ABG Shipyard amid India’s biggest alleged bank fraud - ED has filed a case against ABG Shipyard in the money laundering case after the recent bank fraud matter against the company.
The ED has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of over Rs 22,842 crore, official sources said on Wednesday.
ABG Shipyard Limited, one of India’s largest private sector shipyard firms, has been booked by the CBI for defrauding 28 banks to the tune of Rs 22,800 crore.
ABG Shipyard scam: CBI files lookout notices against 9 including company s former CMD - The look out notices have been issued to prevent them from leaving the country, officials said.