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The CBI in its biggest bank fraud case booked Mumbai-based ABG Shipyard, its directors and ex-Chairman Rishi Kamlesh Agarwal for allegedly defrauding 28 banks, including SBI, of ₹22,842 crore. The company's loan account became an NPA in 2013. An E&Y forensic audit report in 2019 identified fraud and attributed it to diversion of funds, misappropriation and criminal breach of trust.
short by Pragya Swastik / 06:47 pm on 13 Feb
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