The Central Bureau of Investigation (CBI) has issued look-out circulars against the accused persons in connection with the ₹22,842-crore bank fraud case by the Gujarat-based ABG Shipyard Limited and others, in order to prevent their escape from the country.
The agency said the accused have been located in India. The State Bank of India (SBI) had also opened the circulars against the main accused in 2019.
The company, which is in the business of ship building and repair, had been availing itself of credit facilities from the SBI since 2001. ABG Shipyard had taken loan from a consortium of 28 banks led by the ICICI Bank.
