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India's biggest-ever bank fraud of Rs 22,842 crores

Picheshwar

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Picheshwar

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ABG Shipyard, the flagship entity of ABG Group, has been reportedly booked by the Central Bureau of Investigation (CBI) over an alleged Rs 22,842-crore financial fraud. This is the biggest bank fraud case ever registered by the CBI, official quoted by wires agencies said. The case pertained to funds gotten and misused during the 2012-17 period.

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