CBI books ABG Shipyard in BIGGEST bank fraud case of over Rs 22,842 crore, know details

In relation to a fraud case of allegedly duping 28 banks of Rs 22,842 crore, the CBI on Saturday registered an FIR against ABG Shipyard and its directors. As per the FIR, a complaint was received on August 25, 2020, where it accused ABG Shipyard officials of allegedly cheating a consortium of banks led by the State Bank of India for over Rs 22,842 crore, the CBI officials informed.