New Delhi: The Congress has stepped up its criticism of the Center in a Rs 22,842 crore bank loan fraud case. Congress spokesperson Randeep Singh Surjewala alleged that the CBI had not registered a case against State Bank of India (SBI) for filing a complaint two years ago. The CBI registered the FIR two years later in the last seven years. The probe was extended to help the swindlers. He said looting was the main plan of the Modi government.
ABG Shipyard Ltd, a Gujarat-based Dahej and Surat shipyard-based company, has been accused of embezzling Rs 22,842 crore from a consortium of 28 banks, including SBI. 2468.51 crore from SBI alone. The accused are Rishi Kamlesh Agarwal, then chairman and MD of the shipyard, Santhanam Muthuswamy, executive director, and Ashwini Kumar, Sushilkumar Agarwal and Ravi Vimal Nevetia, directors.
The money was being diverted for other things. In 2016, these were declared non-performing by banks. There is also a case against its subsidiary ABG International Pvt. During the search of 13 places related to the establishment, a number of documents were seized.
English Summary: Congress questions Modi govt over ABG Shipyard bank-fraud case