The Enforcement Directorate has registered a money laundering case against ABG Shipyard. Important to note here is that ABG shipyard is involved in the biggest banking scam in India. The case was launched against the firm, its promoters and others over their involvement in bank fraud of Rs 22,842 crore on Wednesday.
The registration of the case by ED comes after the CBI registered an FIR involving biggest bank fraud. The case has been registered under various sections of the Money Laundering Act. The case was filed after a forensic audit of the report and CBI complaint.
Sources told team VOI that the Enforcement Directorate will especially investigate the diversion of money as it is believed that the promoters diverted the bank loan money by creating shell companies.
The CBI has registered a case against CMD Rishi Kamlesh Agarwal and others. The FIR names Santhanam Muthaswamy, Ashwini Kumar, Sushil Kumar Agarwal, and Ravi Vimal Nevetia.
