ABG Shipyard case: India’s biggest banking fraud | Unbreak the News with Prema Sridevi – Ep 32
The ABG shipyard scam is believed to be the largest banking scam in India. A scam much bigger than the ones involving Vijay Mallya, Nirav Modi and Mehul Choksi.
The 23,000 crore case being investigated by the CBI involves 28 banks that lent money to ABG Group which in turn laundered the funds using various shell companies.
How did this scam go unnoticed for so long? Were the banking officials involved in the scam too? Why is this story now being used by political parties to indulge in mudslinging? Prema Sridevi, unbreaks this news for you.
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