Congress targets govt after CBI books Gujarat ship-building firm.


A DAY after the CBI said it has booked a Gujarat-based ship-building company and its directors for fraudulent loan default to the tune of Rs 22,842 crore, the Congress on Sunday hit out at the BJP government, alleging that it was running a “loot and escape” flagship scheme for bank fraudsters.

Claiming that liquidation proceedings of ABG Shipyard had begun in 2017, the Congress asked why it took five years for the CBI to lodge the FIR. The CBI Saturday said it has booked ABG Shipyard Ltd (ABGSL) and its former chairman and managing director, Rishi Kamlesh Agarwal, along with then executive director Santhanam Muthaswamy, directors Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia.

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