The CBI has booked Gujarat-based ABG Shipyard Limited, its directors and others for allegedly causing a loss of ₹22,842 crore to a consortium of 28 banks. It is the biggest–ever case of bank fraud registered by the agency.
Among those named as accused in the First Information Report (FIR) are Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwini Kumar, Sushil Kumar Agarwal, Ravi Vimal Nevetia and ABG International Private Limited. The case has been registered on a complaint from the State Bank of India alleging criminal conspiracy, cheating, criminal breach of trust and abuse of official position.
