LOC issued against ABG Shipyard, Directors in Rs 22,842 cr loan fraud case
The CBI said the ABGSL was conducting business with the SBI since 2001 and the bank declared it as a Non Performing Asset on November 30, 2013.
Source: freepressjournal.in
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Biggest Bank Fraud: LIC grazed; ICICI, IDBI worst-hit in Rs 22,842 cr scam
The State Bank of India (SBI) which first reported the scam, has named ABG Shipyard Ltd, the corporate guarantor ABG Shipyard International Pvt Ltd, the company's Chairman-cum-Managing Director Rishi Kamlesh Agarwal, Executive Director Santhanam Muthaswamy, Directors Sushil Kumar Agarwal, Ashwini Kumar (all from Mumbai), Ravi Vimal Nevetia (Pune), besides unknown persons and public servants.
Source: ummid.com