New Delhi: The loan fraud, allegedly committed by ABG Shipyard Ltd, has impacted major banks in the country. According to media reports, ICICI Bank and IDBI Bank have been hit the worst by the scam. The IPO-bound LIC too has also been badly impacted. The scam was first reported by the State Bank of India.Also Read – CBI Books ABG Shipyard, Its Directors In ‘Biggest Bank Fraud Case’ Of Over Rs 22,842 Cr
According to the report, the State Bank of India (SBI) had named ABG Shipyard Ltd, the corporate guarantor ABG Shipyard International Pvt Ltd, the company’s Chairman-cum-Managing Director Rishi Kamlesh Agarwal, Executive Director Santhanam Muthaswamy, Directors Sushil Kumar Agarwal, Ashwini Kumar (all from Mumbai), Ravi Vimal Nevetia (Pune), besides unknown persons and public servants in the complaint. Also Read – SBI Revises Fixed Deposit Interest Rates, Check Latest Interest Rates Here
ICICI Bank has been cheated of a staggering Rs 7,089 crore, the highest of all banks. It is followed by IDBI Bank Ltd with the fraud amount of Rs 3,639 crore. SBI follows IDBI Bank closely in the list with an exposure of Rs 2,925 crore. Also Read – SBI Internet Banking, Yono, UPI Services to be SHUT Tomorrow During THIS Period
Ahead of LIC IPO, the biggest life insurer in the country has also reportedly been rigged for Rs 136. Highlighting the same, the SBI has pointed accusing fingers at the (above-mentioned) ABGSL officials for committing the ‘criminal…
