The Enforcement Directorate (ED) on Tuesday carried out searches at premises linked to now insolvent ABG Shipyard in a money laundering case registered by the agency. Searches were underway at 26 premises including those in Mumbai, Pune and Surat. ED has registered a money laundering case against the firm, its promoters for defrauding banks of Rs 22,842 crore
The Central Bureau of Investigation (CBI) on Monday questioned Rishi Agarwal, promoter of ABG Shipyard for the second time in connection with the Rs 22,842 crore loan fraud case after he appeared before the agency.
The company has been referred to National Company Law Tribunal (NCLT) of Ahmedabad bench for Corporate Insolvency Resolution Process (CIRP), the FIR stated.