CBI has filed Chargesheet against 25 accused

CBI has  today filed Chargesheet against 25 accused including Mumbai based Private Company; its Chairman & Promoter ; then CFO of said company; then Vice- President (Accounts) ; then Assistant Vice-President (Accounts); another person handling Group’s Offshore entities; then Statutory Auditor of said company and 18 other entities ( India based companies/Firms & Offshore entities) in an ongoing investigation of a case related to fraud of Rs.22,842 Crore (approx).

 

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             The Himachal Herald

CBI had registered a case (FIR/ RC-2232022A0002)on 07.02.2022 against Mumbai based Private Company ; its CMD and others including Directors, Corporate Guarantor & unknown persons.

The complainant bank i.e. State Bank of India in its complaint had alleged that the accused had cheated the consortium of 28 banks, led by ICICI bank, causing fraud of Rs. 22,842 crore(approx). Huge amounts were allegedly transferred the accused to its related parties and subsequently adjustment entries were made. It was further alleged that huge investment were made in its overseas subsidiary by diverting the bank loans. It was also alleged that funds from banks were diverted to purchase huge assets in the name of its related parties. The account of the said company turned NPA on 30.11.2013 and majority of loan disbursement allegedly happened between 2005 and 2013. The account was restructured under CDR mechanism on 27.03.2014. However operations of the company could not be revived.

 

Names of accused in Chargesheet :

1. M/s ABG Shipyard Ltd. through its authorized representative
2. Shri Rishi Kamlesh Agarwal, then Promoter & Chairman
3. Shri Dhananjay Datar, then CFO of M/s- ABG Shipyard Ltd.
4. Shri Praveen Bhandari, then Vice President (Accounts)
5. Shri Santhanam Muthuswamy, then Assistant Vice President (Accounts)
6. Shri Balaji Gopal
7. Shri M.N. Ahmed of M/s Nisar & Kumar
8. M/s ABG International Pvt. Ltd. through its authorized representative
9. M/s One Ocean Shipping Pvt. Ltd. through its authorized representative
10. M/s ABG Engineering & Constructions Pvt. Ltd. through its authorized representative
11. M/s Somerset Estate Private Limited (Formerly known as M/s Sixth Land Developers Private Limited) through its authorized representative
12. M/s Aries Management Services Pvt. Ltd. through its authorized representative
13. M/s Gold Croft Property Private Ltd (formerly known as M/s First Land Developers Pvt. Ltd.) through its authorized representative
14. M/s G. C. Property Private Ltd (formerly known as M/s Third Properties Pvt. Ltd.) through its authorized representative
15. M/s Vipul Shipyard through its Partners
16. M/s Shivris Resources Private Ltd (also known as M/s Second Land Developers Pvt. Ltd. & M/s ABG Resources Private Ltd) through its authorized representative
17. M/s Fourth Land Developers Pvt Ltd. through its authorized representative
18. M/s. Fifth Properties Pvt Ltd. through its authorized representative
19. M/s. Ninth Estate and Properties Pvt Ltd through its authorized representative
20. M/s Sameehana Wave Power Private Limited (Formerly known as M/s First Mines and Minerals Pvt Ltd) through its authorized representative
21. M/s PFS Shipping (India) Limited through its authorized representative
22. M/s Nor Crane & Winch India Private Limited through its authorized representative
23. M/s ABG Shipyard Singapore Pte. Ltd. through its authorized representative
24. M/s Varada Global Pte Ltd. through its authorized representative
25. M/s Varada Eleven Pte Ltd. through its authorized representative