ABG Shipyard, Directors Allegedly Cheated 28 Banks Of Rs 22,842 Crore: CBI

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ABG Shipyard, Directors Allegedly Cheated 28 Banks Of Rs 22,842 Crore: CBI

The Central Bureau of Investigation today booked ABG Shipyard and its directors Rishi Agarwal, Santhanam Muthuswamy, and Ashwini Kumar for allegedly defrauding 28 banks of Rs 22,842 crore.

ABG Shipyard Ltd is the flagship company of the ABG Group which is engaged in shipbuilding and ship repair. The shipyards are located in Dahej and Surat in Gujarat.

ABGSL has constructed over 165 vessels.

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