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The Hindu

National

Special Correspondent

Bank fraud in India crossed ₹5 trillion in the past seven years, says Congress

India ABG Shipyard

Prime Minister Narendra Modi had promised to make the Indian economy a $5 trillion economy but instead bank frauds have crossed ₹5 trillion in about seven years, the Congress alleged on Monday.

Keeping up the pressure over the bank fraud of ₹22,842 crores involving Gujarat-based ABG Shipyard, the principal opposition party asked the Prime Minister and the Finance Minister to break their “silence” on the issue.

“Why are they mum on India’s biggest banking fraud ? Why Rishi Agarwal, the promoter of ABG Shipyard, is not arrested till date?” asked party spokesperson Gourav Vallabh.

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