A DAY after the CBI mentioned it has booked a Gujarat-based ship-building firm and its administrators for fraudulent mortgage default to the tune of Rs 22,842 crore, the Congress on Sunday hit out on the authorities, alleging that it was working a “loot and escape” scheme for financial institution fraudsters.
While Samajwadi Party chief Akhilesh Yadav additionally focused the federal government at a ballot rally on Sunday, the ruling BJP hit again on the costs, saying these loans had been sanctioned when the UPA was in energy whereas the Modi authorities has gone after the promoters behind such frauds.
Claiming that liquidation proceedings of ABG Shipyard had begun in 2017, the Congress requested why it took 5 years for the CBI to lodge the FIR.
The CBI on Saturday mentioned it has booked ABG Shipyard Ltd (ABGSL) and its former chairman and managing director, Rishi Kamlesh Agarwal, together with then government director Santhanam Muthaswamy, administrators Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia. Another agency, ABG International Pvt Ltd, has additionally been booked for prison conspiracy, dishonest, prison breach of belief and abuse of official place.
Addressing a press convention in Chandigarh, Congress spokesperson Randeep Surjewala mentioned the method of liquidation of ABG Shipyard was initiated within the NCLT, Ahmedabad in August 2017. In June 2019, he mentioned, the mortgage and financial institution accounts of ABG Shipyard had been declared as “fraud ” and 5 months later, in November, the State Bank of India filed a grievance with the CBI for registration of FIR towards ABG Shipyard’s Rishi Agarwal and others. “Despite the apparent fraud and swindling of public money, the CBI, SBI and the Modi government proceeded to complicate the entire matter in bureaucratic wrangling and file pushing,” he alleged.
Surjewala claimed that the SBI filed a second grievance with the CBI in August 2020. “The interested part is that in the complaint dated August 25, 2020, the SBI has exonerated all the bankers,” he mentioned. “Why did it take five years after the liquidation proceedings of ABG Shipyard to lodge even an FIR for duping 28 banks of Rs 22,842 crore?…,” he mentioned. “Does this not prove complicity, collusion and connivance of those sitting in the highest echelons of power in the Modi government.”
BJP spokesperson and Rajya Sabha member Syed Zafar Islam mentioned for the Congress to assault the federal government over the case is sort of a thief blaming cops for the crime. He mentioned all these loans got previous to 2014. Due course of was adopted and the BJP authorities recognized the fraud, he mentioned. “The Congress is brazening it out. It is its government which ran the ‘phone banking’ scam with its senior functionaries forcing banks to sanction loans after accepting commissions from promoters.”
Referring to the rip-off at a rally at Sikandararau in UP, SP chief Akhilesh Yadav mentioned, “Whenever these main scams happen, folks from a selected place are concerned. In the scams, which had taken place earlier, plenty of folks had been from that place.”
The ABGSL operates from shipyards at Dahej and Surat in Gujarat. WITH PTI INPUTS
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With inputs from TheIndianEXPRESS
