Question
Download Solution PDFIn February 2022, CBI detected India’s biggest bank fraud of Rs. 22,842 crore with 28 banks. Who was booked by CBI for this fraud?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 'ABG Shipyard'.
Key Points
- The Central Bureau of Investigation (CBI) on Saturday filed a case against ABG Shipyard Limited.
- ABG Shipyard directors/promoters Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwani Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia for allegedly duping 28 banks of Rs 22,842 crore.
- It was alleged that the accused had cheated the consortium of 28 banks including the branches of the erstwhile State Bank of Patiala, Commercial Finance Branch, New Delhi, the erstwhile State Bank of Travancore, Commercial Branch, New Delhi, State Bank of India, Overseas Branch, Mumbai etc.
- The consortium was led by ICICI Bank
Last updated on Jul 18, 2025
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