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The Enforcement Directorate (ED) has attached shipyards, agri lands, bank deposits worth over ₹2,747 crore in a money laundering case against ABG Shipyard Ltd. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and residential premises in Gujarat and Maharashtra, the ED said in a statement.
The Central Bureau of Investigation (CBI) on Wednesday arrested the Chairman and Managing Director of ABG Shipyard for allegedly cheating a consortium of banks led by State Bank of India of over ₹22,842 crore.
A senior CBI official confirmed that the CMD of Surat-based ABG Shipyard Rishi Kamlesh Agrawal has been arrested. He has allegedly duped a consortium of 28 banks over ₹22,842 crore.
The ED has been probing a money laundering case since February this year based on a First Information Report (FIR) already filed by the Central Bureau of Investigation (CBI) against the former promoters of the shipbuilding company.
The CBI had booked ABG Shipyard Ltd and its then Chairman and Managing Director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks of over ₹22,842 crore.
In the FIR, CBI has named CMD and others that include names of the executive director Santhanam Muthaswamy, directors Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and another company ABG International Pvt Ltd for alleged offences of criminal conspiracy, cheating, criminal breach of trust and abuse of official position under the IPC and the Prevention of Corruption Act.
Acting on the complaint filed by the bank, CBI registered FIR on February 7 this year.
The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of ₹2,468.51 crore, the officials said.
With agency inputs