Delhi (The Stellar News) Saksham Kalia: The CBI has filed an FIR against a shipping firm and its directors for allegedly duping a consortium firm to the tune of Rs 22,8422 crore.
The CBI has booked ABG Shipyard directors Rishi Agarwal, Santhanam Muthuswamy, and Ashwini Kumar two years after the company was detected a “fraud account” by the banks.
In the FIR filed by the CBI, has estimated that over 160 vessels-owned Rs 7,089 crores to ICICI bank, Rs 3,634 crore to IDBI bank, Rs 2,925 crore to SBI, Rs 1,614 crore to bank of Baroda and over Rs 1,200 crore to PNB and Indian Overseas Bank.
According to the forensic audit report submitted to CBI by the banks, “the accused firm and its directors diverted and misappropriated the loan amount thereby committing a criminal act and breach of trust. The money was used for purposes other that the purpose for which the funds were released by the bank”, the FIR alleged.
