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India's biggest bank fraud case: How ABG Shipyard steered the scam ship to divert funds
17 Jan 2024 04:15 GMT
… to cancellation of shipbuilding contracts';
In its … central agency alleged that ABG Shipyard's founder-chairman, … cancellation of shipbuilding contracts the company had secured, … According to the ED, ABG Shipyard received an advance payment of …
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Welspun Corp’s associate company, EPIC, signs contract for manufacturing and supply of large diameter steel pipes with Saudi Aramco
12 Nov 2023 08:56 GMT
… (KSA) has signed a contract for the manufacturing and supply … The financial impact of this contract is expected to be reflected … 2025. The duration of the contract is 13 months. This order … also acquired specified assets of ABG Shipyard with a potential to …
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Overseas investments, flat purchases: CBI unearths fund diversions at ABG Shipyard
11 Dec 2022 07:17 GMT
… alleged bank fraud caused by ABG Shipyard Ltd (ABG) has revealed … oil rigs, which were diverted ABG Shipyard Singapore Pte Ltd, resulting in … BGs by entering into sham contracts with its offshore buyers that … or opt to terminate the contract, the builder (i.e …
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CBI files chargesheet in Rs 22,000 crore ABG Shipyard loan fraud case
19 Nov 2022 22:43 GMT
… loan fraud case against ABG Shipyard and 24 others including … on February 7 against ABG Shipyard, its CMD Rishi Kamlesh … details, Share registers, various contract files etc.
LOCs were … investigations have revealed sham contracts by ABG Shipyard with its three …
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CBI files charge sheet against former ABG Shipyard Chairman Rishi Agarwal & others in Rs 23,000 Cr bank fraud case
19 Nov 2022 14:46 GMT
… of Investigation (CBI), Delhi against ABG Shipyard Limited and others.
The investigation … and other business expenses but ABG Shipyard Ltd. misappropriated the credit facilities … of Board, Share registers, various contract files, etc.
(with inputs from …
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In the News: Rishi Agarwal, Former Promoter, ABG Shipyard – Success by hook or by crook
23 Sep 2022 23:06 GMT
… ’s largest private sector shipyard, ABG Shipyard. The family pedigree must have … Japan could not take more contracts in the face of an … say some of these shipbuilding contracts were speculative orders booked by …
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ABG Shipyard MD sent to CBI custody in loan...
23 Sep 2022 11:21 GMT
… Board meetings, share registers, contract files. Also, bank account … Subsequently, the account of ABG Shipyard Ltd was declared NPA.
In …
The forensic audit of ABG Shipyard Ltd therefore covers the … declared the account of ABG Shipyard as fraud.
The CBI …
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Former ABG Shipyard boss arrested in $2.8bn Indian fraud case
22 Sep 2022 14:37 GMT
… and chairman of India’s ABG Shipyard has been arrested in the … January 2024. This ship was contracted in 2010. TradeWinds reported in …
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ABG Shipyard: ED Attaches Rs 2,747cr Assets in Money Laundering Probe
22 Sep 2022 10:24 GMT
… money laundering investigation against ABG Shipyard Ltd, its group …
However, it alleged that ABG Shipyard Ltd. "misappropriated… attached assets belong to ABG Shipyard Ltd., its group companies … "The cancellation of contracts for few ships and …
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ABG Shipyard Founder, Rishi Agarwal, Gets Arrested in Loan Fraud Case
22 Sep 2022 00:26 GMT
… by ICICI Bank. The ABG Shipyard being a major player in … said.“The cancellation of contracts for few ships and … ships in general. Therefore, ABG Shipyard is a business that deals … .
source- livemint.com
About ABG Shipyard
ABG shipyard is a company started by …