The CBI charged ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwini Kumar, Ravi Vimal Nevetia, Sushil Kumar Agarwal, and another firm, ABG International Pvt Ltd for embezzling Rs 22,842 crore from SBI and 27 other lenders. The loan account was named as a non-performing asset in July 2016, and fraud was detected in 2019.
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A look at some of the biggest bank fraud cases that hit India in a decade
