Loot and Run Congress' Scams!?
According to the cbi, the majority of the company's bank loans were paid off between 2005 and 2012. On november 30, 2013, the company's debit account was likewise designated non-performing.
The largest financial fraud was committed by ABG Shipyard Limited.
The cbi claims that the 'ABG Shipyard Swindle,' which was recently uncovered as the country's biggest bank scam, occurred between 2005 and 2012.
Congress had chastised the federal government for adopting a 'loot and run' attitude in relation to this swindle. However, the erstwhile UPA government, led by the congress, is again under attack.
If the CBI's claim is correct, congress is now facing a 'Ulte Bans Bareilly Ko Chale' situation. Between 2005 and 2012, the country was governed by the Congress-led United Progressive Alliance (UPA), and the cbi claims that majority of the company's bank loans were paid off during this time. On november 30, 2013, the company's debit account was likewise designated non-performing. Until May 2014, the country was governed by the United Progressive Alliance (UPA).
A watch alert has been issued since the accused have not departed the country.
According to a Hindustan Times storey, the cbi has also issued a lookout notice against Rishi Kamlesh Agarwal, the mastermind of ABG Shipyard, and eight others, preventing them from fleeing the country.According to the investigative agency, the accused's whereabouts have been discovered within the country; they have not departed. According to the federal investigation agency, the Rs 22,842 crore scam occurred between 2005 and 2012. The Center has been accused by congress of delaying the filing of the FIR in the case.
The biggest blow to icici bank was a loan obtained from 28 different banks.
The corporation in the shipbuilding business is accused of defrauding a consortium of 28 banks led by icici bank of Rs 22,842 crore.In this case, ABG Shipyard defrauded icici bank in the amount of Rs 7,089 crore. idbi bank has 3639 crores, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india has 2925 crores, bank of Baroda has 1614 crores, and punjab National bank has 1244 crores in total frauds.