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Monday, November 3, 2025
TopicABG Shipyard

Topic: ABG Shipyard

CBI arrests founder of ABG Shipyard for bank fraud of Rs 22,842 crore, biggest in country

A forensic audit revealed several accused colluded together and committed illegal activities, including diversion of funds, misappropriation and criminal breach of trust between 2012 and 2017.

Easy trick to make scams disappear, and a golden tribute for Bappi Lahiri

The best cartoons of the day, chosen by the editors at ThePrint.

CBI unable to file over 100 high-value bank fraud cases since 8 states withdrew probe consent

The eight states that haven’t given consent for the CBI to probe cases on their turf are Maharashtra, Punjab, Rajasthan, West Bengal, Jharkhand, Chhattisgarh, Kerala, and Mizoram.

CBI issues look out notices against former CMD of ABG Shipyard Rishi Agarwal, 8 others

CBI has booked ABG Shipyard and its then chairman and managing director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks of over Rs 22,842 crore.

Trudeau lectured India on rights, is now using emergency powers to crush anti-vaccine protesters

ThePrint view on the most important issues, instantly.

5 years, 28 banks, Rs 23,000 cr debt — how ABG Shipyard pulled off ‘India’s biggest bank fraud’

Case has raised questions like how fraud went undetected for so long, how it came to light, how money was diverted, and what led to delay in CBI registering FIR. ThePrint answers.

CBI books ABG Shipyard, directors for allegedly duping 28 banks of Rs 22,842 crore

The accused allegedly colluded and committed activities by way of diversion of funds for the purpose other than for which the funds were released by the bank, a CBI officer said.

On Camera

A fitting tribute to Pakistan’s General Shanti

Durrani as NSA was a leap for Pakistan. No surprise that he didn’t even last a year in that job. He chafed after 26/11, seeing it as a deliberate Army/ISI betrayal.

Consumer Price Index gets up to date. Airfare, OTT plans, e-commerce prices in new basket—MoSPI secy

New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.

Joint production, closer ties, emerging tech: The foundation of new defence pact between India & US

The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.