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Lookout circular against ABG Shipyard Directors in India's biggest bank fraud case
short by Ashley Paul / on Tuesday, 15 February, 2022
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.
read more at Moneycontrol