CBI books Gujarat firm for Rs 22,842 crore loan fraud
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In what is being termed as India's biggest loan fraud case, the Central Bureau of Investigation (CBI) has booked a Gujarat-based shipbuilding company and its former directors for allegedly defrauding banks to the tune of Rs 22,842 crore. The agency has named ABG Shipyard Ltd and its former chairman and managing director Rishi Kamlesh Agarwal as accused in the case, among others.