ABG case another feather in Congress' cap of blatant corruption: BJP

What has been described as Rs 22,000 crore scam started in 2012 and the company's loan was restructured in March 2014 in the last days of the UPA government, said Sudhanshu Trivedi citing CBI report

Topics
ABG Shipyard  | Bank fraud | Bharatiya Janata Party

Press Trust of India  |  New Delhi 

ABG Shipyard
File Photo

The BJP on Wednesday targeted the Congress for the case involving ABG Shipyard, saying it occurred when the was in power.

BJP spokesperson Sudhanshu Trivedi said the crime was detected and acted upon by the current government.

He said the Congress has exposed itself by linking, what its chief spokesperson Randeep Singh Surjewala called the "biggest bank fraud", with Prime Minister Narendra Modi-led government, as the probe has revealed the entire scam happened during the dispensation.

This is another "feather" in the already overburdened cap of blatant corruption of the Congress, Trivedi alleged.

"The Congress should tell us, what was its role in the biggest scam? It is believed that the company's promoters had close relations with a former political adviser to the Congress president," Trivedi said in a press conference.

What has been described as Rs 22,000 crore scam started in 2012 and the company's loan was restructured in March 2014 in the last days of the government, he said citing the report.

He said that an audit report exposed the "wrongdoings" in 2016, and the BJP government took an action against it.

The had on Tuesday said it had issued look-out notices against Rishi Kamlesh Agarwal, the former chairman and managing director of ABG Shipyard, and eight others in a involving Rs 22,842 crore.

It also gave other details related to the alleged fraud.

Taking a swipe at Surjewala for his strong words against Modi, Trivedi asked if the same condemnation was applicable to former Prime Minister Manmohan Singh and Sonia Gandhi.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on ABG Shipyard
First Published: Wed, February 16 2022. 17:35 IST
RECOMMENDED FOR YOU