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₹1,530-Crore Bank Fraud: Court Sends Ludhiana Industrialist Neeraj Saluja To Judicial Custody Till Nov 17!

Arpita SarkarNovember 7, 20220

After being in CBI custody for five days, Ludhiana-based industrialist Neeraj Saluja was sent to judicial custody till November 17 on Thursday. He was arrested for defrauding a consortium of banks of ₹1,530 crores. The CBI did not seek remand of Saluja, who was produced before the Mohali CBI court. The CBI arrested Saluja, director of Ludhiana-based SEL Textiles, for defrauding a consortium of 10 banks led by the Central Bank of India of Rs 1,530.99 crore. The CBI had on August 6, 2020 booked the yarn and cloth manufacturing firm with units in Malout and Nawanshahr in Punjab, Nemrana in Rajasthan, and Hansi in Haryana along with its directors based on the bank's complaint. “Lookout circulars (LOCs) against the accused had been issued and during the investigation, the CBI had exa...

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‘Biggest Scam In Independent To Date’: Rahul Gandhi Slams BJP Over ABG Shipyard Bank Fraud; Opposition Takes A Jibe

Sonia SolankiFebruary 13, 20220

The Central Bureau of Investigation (CBI) files a case against the ABG Shipyard for conning 28 banks for the astronomical amount of Rs 22,842 crore. The ABG Shipyard Ltd is the flagship company of the ABG Group and is located in Dahej and Surat, Gujarat. The ABG Group is associated with shipbuilding and ship repair. The FIR was filed against ABG Shipyard and its then chairman Rishi Kamlesh Agarwal, executive director Santhanam Muthaswamy and directors Ashwini Kumar, Sushil Kumar and Ravi Vimal Nevetia. The case is filed under the IPC and the Prevention of Corruption Act by the CBI. FIR also mentions another company ABG International Pvt. Ltd. The complaint by the CBI includes 28 banks including popular ones like ICICI, SBI, IDBI, BOB, PNB and others. The State Bank of India fi...