CBI books ABG Shipyard, its directors over alleged Rs 22,842-crore fraud


CBI books ABG Shipyard, its directors over alleged Rs 22,842-crore fraud

State Bank of India has filed a complaint over the scam. It says the company owes it Rs 2,925 crore. The other banks include ICICI Bank (Rs 7,089 crore), IDBI Bank (Rs 3,634 crore), Bank of Baroda (Rs 1,614 crore), PNB (Rs 1,244 crore and IOB (Rs 1,228 crore).

The move to train the officers in local language comes in the backdrop of the amalgamation of Allahabad Bank into India Bank and many officers were transferred from various parts of the country to Tamil Nadu, a bank statement said.


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