Lookout circular against ABG Shipyard Directors in India's biggest bank fraud case

Central Bureau of Investigation (CBI) has issued a lookout circular against ABG Shipyard Directors in India's biggest bank fraud case to ensure they do not leave the country. The company allegedly cheated a consortium of banks led by the State Bank of India (SBI) of ₹22,842 crore. According to CBI's complaint, ABG Shipyard owes ₹7,089 crore to ICICI Bank.