New Delhi: The CBI has registered a case against ABG Shipyard Limited and its then Chairman and Managing Director Rishi Kamlesh Agarwal and other unknown public servants and private people in the country’s biggest bank fraud case. The case was registered in connection with an alleged fraud of over Rs 22,842 crore from a consortium of banks led by the State Bank of India, officials said on Saturday. This is the biggest bank fraud case registered by the CBI.
According to the FIR registered by the CBI, for the purpose for which this company took a loan from 28 banks, not investing or spending it in that company, but by diverting that money through another company (way of diversion of funds) to the loan company. Showed it and taking advantage of it, committed fraud with those 28 banks. The CBI suspects that many government employees, officials, and private people of the bank have a dubious role in the release of this loan. After committing the fraud, the company and many of its directors have also been accused of making and buying a lot of properties at many locations, which the CBI team will investigate in detail.
CBI took action after a long investigation
Apart from Agarwal, the CBI has also booked the then-executive director Santhanam Muthaswamy, directors – Ashwini Kumar, Sushil Kumar Agarwal, and Ravi Vimal Nevetia, and another company ABG International Pvt Ltd for allegedly criminal conspiracy, cheating, criminal breach of trust, and official misappropriation. filed suit for CBI PI New Delhi Kamlesh Chandra Tiwari has been ordered to conduct the investigation.
CBI had sought clarification, could not answer
He said that these people have been booked under the IPC and Prevention of Corruption Act. The bank’s consortium had first filed the complaint on 8 November 2019, on which the CBI had sought some clarifications on 12 March 2020. The consortium of banks filed a fresh complaint in August that year and after more than a year and a half of investigation, the CBI acted on it. SBI as well as 28 banks and financial institutions had sanctioned loans of Rs 2468.51 crore to the company, the official said. He said the forensic audit revealed that between 2012-17, the accused allegedly colluded and carried out illegal activities, including misappropriation of funds and criminal breach of trust.
Raids took place at many places and now there will be an interrogation
Raids were conducted by CBI at 13 locations in Mumbai, Pune, Bharuch, Surat. In this, raids were conducted in the office of the company’s directors, including many private persons, which were raided till late evening. Several important documents, electronic devices, mobile phones, banking computers, etc. were seized during the raids. It is now being investigated in detail by the CBI team. In this case, notices will soon be sent by the CBI to several accused for questioning, after which they will be called to the CBI headquarters in Delhi for questioning. In a way, it can be said that the difficulties of many people are going to increase in the coming days.
