CBI detains ABG Group’s founder-chairman Rishi Agarwal

by: Sayantan Barua

CBI detains ABG Group's founder-chairman Rishi Agarwal

CBI detains ABG Group’s founder-chairman Rishi Agarwal

by: Sayantan Barua

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TW Newsdesk, Sept 22: The Central Bureau of Investigation (CBI) on September 21,detained ABG Shipyard Limited’s founder-chairman Rishi Agarwal in the Rs 22,842-crore bank fraud case.

ABG Shipyard had created a web of transactions to cheat a consortium of 28 banks – including State Bank of India (SBI), IDBI and ICICI — to the amount of Rs 22,842 crore in between 2012 and 2017. ABG Shipyard, the flagship entity of ABG Group, was booked in the case in February 2022.

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