News

CBI arrests ABG Shipyard promoter Rishi Agarwal in ₹22,000-cr bank fraud case


Rishi Agarwal, a former promoter of shipbuilder ABG Shipyard Ltd, has been arrested by the Central Bureau of Investigation (CBI) in India’s biggest bank loan scam. 22,000 crore.

ABG Shipyard created a trading network to defraud a consortium of 28 banks with the aim of 22,842 crore from 2012 to 2017, in one case that came to light a few months back. Banks include State Bank of India (SBI), IDBI and ICICI.

Catch them all Business newsletter, Market News, Hot news Events and Latest news Update on Live Mint. Download Mint News app to get Daily Market Updates.

Than
Less than

Register Mint Newsletter

* Enter a valid email

* Thank you for subscribing to our newsletter.

Post your comment



Source link

news5s

News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button