Enforcement Directorate (ED) on Wednesday registered a money laundering case against Gujarat-based shipping firm ABG Shipyard and its directors in connection with over Rs 22,800 crore loan default by the company.
The ED case is based on the FIR registered by the CBI on February 7 in which it has alleged that the company diverted loans handed to it by a consortium of 28 banks, and used its sister concerns to round-trip funds and service other loans instead of using them for the purpose they were taken.
Sources said the ED case has named the same accused, including ABG CMD Rishi Agarwal, as in the CBI FIR.
#ABGShipyardFraudCase #ABGFraudCase #EnforcementDirectorate #ED #MoneyLaunderingCase #IndiaToday
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
Telegram: https://t.me/indiatodayofficial
source
One of the World’s Safest Places for Banking Is Rocked by Scandals The Wall Street Journal…
Exclusive | UnitedHealth Group Is Under Criminal Investigation for Possible Medicare Fraud - WSJ The Wall…
ICC Chief Prosecutor to Go on Leave Until Sexual Misconduct Probe Is Complete The Wall Street…
FBI’s Misuse of Foreign Spying Law Complicates the Push to Renew It The Wall Street Journal…
Study Names Arizona as Most Corrupt State The Wall Street Journal Source link
D.C. to Receive $6.5 Million Settlement in Sports Betting Fraud Case rg.org Source link