Biggest scam ever in India- Nowadays, one of hot and trending news is that ABG shipyard scam of rupees of 22,842.00 Cr. Few days before CBI has registered the case against ABG shipyard for 22,842.00 Cr. cheating to around twenty eights’ banks. This ABG shipyard Scam fraud has been declared on the basis the all the Forensic Audit report.
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Who and what is ABG Shipyard?
The company ABG Shipyard Ltd is the flagship organization and company of a ABG Group. The ABG Shipyard basically engaged in ship repair and shipbuilding. The ABG Shipyard located in the state of Gujrat with different location i.e. Dahej & Surat.
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What is the scam and what are the allegations against ABG Shipyard?
This scam is after four years of recent scam of and below are the allegations against ABG
shipyard, ABG Shipyard fraud took the loan and credit from many banks The loan money sent to abroad through other companies/associates. In the other countries the property and shares bought by loan money. The total time frame and period of ABG Shipyard is 2012 to 2017. due to its high value ABG shipyard scam called Biggest scam ever in India
What was the value of scam and how ABG shipyard exposed?
Few days before CBI has registered the case against ABG shipyard for 22,842.00 Cr. cheating to around twenty eights’ banks. This ABG shipyard Scam fraud has been declared on the basis the all the Forensic Audit report. The ABG shipyard scam is of 22,842.00 Cr. It is one of biggest scam ever in India. As per report and guideline that to detect such big scam the banks and other government bodies, CBI and forensic Audit require fifty-two (52) weeks to fifty-six (56) weeks or lesser. so it is ABG shipyard scam called Biggest scam ever in India
What government is saying on ABG Shipyard SCAM ?
In recent conference Finance Minister Ms. Sitaraman, addressed the (RBI) Reserve Bank of India and board and has attended the queries that alleged delay in file of FIR and what exactly this scam is and when exactly it happened.
As per our Finance Minister Nirmala Sitaraman this loan has been given in the year 2013 and nearby time and recently has been detected. Generally, such big scam can be identified in the fifty-two (52) weeks to fifty-six (56) weeks or lesser.
Who and how many banks was in list of ABG shipyard scam?
In the recent scam of ABG shipyard around twenty-eight bank was in the list but major
part and major exposure was by ICICI bank and SBI state bank of India. So it is ABG shipyard scam called Biggest scam ever in India
Banks involved in ABG shipyard Scam.
- ICICI Bank having exposure of around ₹7,089 Cr.
- IDBI Bank having exposure of around ₹3,639 Cr.
- SBI having exposure of around ₹2,925 crore
- Bank of Baroda having exposure of around ₹1,614 Cr.
- Exim Bank having exposure of around 1327 Cr.
- PNB having exposure of around ₹1,244 Cr.
- Indian Overseas bank having exposure of around 1228 Cr.
- Standard Charted Bank having exposure of around 743 Cr.
- Bank of India having exposure of around 719 Cr.
- Oriental Bank of Commerce having exposure of around 714 Cr.
- SBI Singapore having exposure of around 458 Cr.
- Canara Bank having exposure of around 408 Cr.
- Bank of Baroda having exposure of around 406 Cr.
- Union bank of India having exposure of around 350 Cr.
- IFCI Ltd having exposure of around 300 Cr.
- SICOM Ltd having exposure of around 260 Cr.
- State bank of Mauritius SBM bank Ltd having exposure of around 125 Cr
- DCB Bank having exposure of around 106 Cr
- PNB International having exposure of around 97 Cr.
- Laxmi Vilas Bank having exposure of around 61 Cr.
- Indian Bank Singapore having exposure of around 43 Cr.
- Canara Bank having exposure of around 40 Cr.
- Central Bak of India having exposure of around 39 Cr.
- Punja and Sind bank having exposure of around 37 cr
- Yes Bank having exposure of around 2 Cr.
- Others bank also having exposure of remaining amount.
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