Surat: The Central Bureau of Investigation (CBI) yesterday arrested Rishi Kamlesh Agarwal, former chairman and managing director of Surat-based ABG Shipyard Limited, on charges of duping a consortium of 28 banks of Rs 22,842 crores. In the latest development, the Enforcement Directorate (ED) has attached assets worth Rs 2,747.69 Cr in the ABG Shipyard Limited case. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and ...Read More

Gandhinagar: Attacking the government over FIR against ABG Shipyard filed by CBI in the bank fraud case, Rajya Sabha MP from Gujarat and Congress leader Shaktisinh Gohil said ABG Shipyard and ABG Cement had signed MoU in Vibrant Gujarat Summit of year 2003. The summit was organized by Gujarat government. Gohil alleged that the government had given land to ABG Shipyard for setting up the Maritime University, however not a single brick has been put there. The Government must take back the lan...Read More

New Delhi: Central Bureau of Investigation (CBI) has filed FIR against ABG Shipyard Limited, for defrauding 28 banks to the tune of Rs. 22,842 crore. The directors of the firm Rishi Agarwal, Santhanam Muthuswamy and Ashwini Kumar have been booked in the case. The FIR was filed on the complaint of State Bank of India. As SBI’s first complaint dated 8.11.2019 missed important details like ‘time of fraud, modus operandi', the agency had sought clarifications on the same. SBI filed the revi...Read More

Surat: Dumas police has booked four for anchoring a ship on ABG Shipyard jetty in Magdalla without permission of Gujarat Maritime Board(GMB). Delhi based Fox Energy Ltd's supply vessel MV Shunter was on 20th May, anchored at ABG Shipyard jetty without permission of Jetty official and Maritime Board, following which one Rameshkumar had field complaint against Captain of the ship, administrative manager, project manager of Fox Energy and others. Dumas police has arrested two accused. The s...Read More