Central Bureau of Investigation (CBI) has recently filed a complaint against ABG Shipyard Ltd.
The investigation agency has complained against the company for defrauding a consortium of 28 banks of ₹22,842 crores.
CBI has brought a forensic audit report from the banks.
The agency has found cases where fraud has been committed from 2012 to 2017.
SBI filed FIR on 7th Februaryon the basis of SBI's November 2019 complaint which was later followed by a more detailed complaint in December 2020.
ABG Shipyard is engaged in the business of shipbuilding and ship-repair and is a major player in the Indian ship building industry. Its yards are located in Dahej and Surat in Gujarat.
The shipyard company currently owes crores of rupees to ICICI Bank, IDBI Bank, State Bank of India, Bank of Baroda, Punjab National Bank and Indian Overseas Bank.