The Enforcement Directorate has hooked up belongings value ₹2,747.sixty nine crore in reference to the case in direction of ABG Shipyard restricted and others alleging ₹22,842-crore financial institution mortgage fraud.
The hooked up properties embody the shipyards located in Gujarat’s Surat and Dahej, agricultural lands and plots, various industrial and residential premises in Gujarat and Maharashtra and financial institution accounts owned by the agency, its group corporations and utterly different associated entities.
The ED probe relies upon on a major information Report registered on February 7 by the Central Bureau of Investigation, which arrested the agency’s former chairman-cum-managing director (CMD) Rishi Kamlesh Agarwal earlier this week.
in accordance with the ED, ABG Shipyard and its then CMD took various credit rating services and loans from a consortium of 28 banks on the pretext of meeting its capital requirements and utterly different enterprise funds. however, the accused individuals misappropriated and diverted the funds for unstated capabilities. massive portions had been proven to have been given as loans, advance or funding in utterly different tasks.
The hooked up belongings belong to ABG Shipyard, its group agency, Bermaco power methods restricted, Dhananjay Datar, Savita Dhananjay Datar, Krishna Gopal Toshniwal and Viren Ahuja.