In the biggest bank fraud case so far, the CBI has booked ABG Shipyard Ltd along with its former chair and Rishi Kamlesh Agarwal, the managing director, for cheating a consortium of well-known banks spearheaded by the SBI of more than Rs 22,842 crore, officials reported Saturday.
The bank initially launched a complaint on 8 November 2019 on which the CBI had sought clarifications on 12 March 2020. The bank was compelled to register a fresh complaint in August that year. On “scrutinizing” for...