The Enforcement Directorate (ED) has appended resources worth Rs 2,700 crore to the ABG Shipyard Restricted case. The trick connects with the claimed cheating of a consortium of 28 banks to the tune of Rs 22,800 crore. The Central Bureau of Investigation (CBI) reserved the delivery company, among others, in February 2022.
The joined resources remember a shipyard at Surat and Dahej for Gujarat, farming terrains and plots, different business and private premises in Gujarat and Maharashtra, and ledgers possessed by ABG Shipyard Ltd, its gathering organizations, and other related elements. The ED started a tax evasion examination based on an FIR dated February 7, 2022, enrolled by the CBI.
Other than Agarwal, the test organisation has likewise named the then leader, chief Santhanam Muthaswamy, chiefs Ashwini Kumar, Sushil Kumar Agarwal, and Ravi Vimal Nevetia, and another organization, ABG Global Confidential Restricted, for supposed offences of criminal conspiracy, cheating, the criminal breach of trust, and maltreatment of a true situation under the IPC and the Avoidance of Defilement Act, they said.
An examination by the ED uncovered that ABG Shipyard’s Rishi Kamlesh Agarwal profited from credit offices and credits from a consortium of banks driven by ICICI Bank, Mumbai, under the guise of meeting its capital necessities and other operational expenses. In the guise of various credits, advances, and ventures, the organisation abused offices and redirected assets for purposes other than their legitimate reason.It ultimately brought about money-related misfortune to the tune of Rs 22,800 crores for the consortium.
As of now, the ED has followed portable and enduring resources totaling Rs. 2747.69 crores having a place with ABG Shipyard Ltd., its gathering organizations, Bermaco Energy Frameworks Ltd., Dhananjay Datar, Savita Dhananjay Datar, Krishna Gopal Toshniwal, and Viren Ahuja and connected them under the arrangements of the Counteraction of Tax Evasion Act (PMLA), 2002. The examination is in progress.