Another big scam has rocked Bharat. This scam is even bigger than by Vijay Mallya (₹900 Crore) and Nirav Modi (₹14,000 Crore) with estimated fraud of around ₹ 22,842 crore.
ABG SHIPYARD !!!!
35 old year Gujarat Based Company.
Know FULL DETAILS.
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ABG Shipyard Ltd....run by Chairman and Managing Director Rishi Kamlesh Agarwal has defrauded many PSUs and private sector banks with thousands of crore rupees.
CONgress was quick to accuse PM Modi for the scam connecting Co's Gujrat base with him.
How Smart !!
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◾ABG Shipyard was incorporated on 15 March 1985.
◾- ABG Shipyad had total Capital Liability of ₹278.70 Crore in Mar04 which increased to ₹5,394.23 by Mar10.
No problem with that. Co's business was growing.
Under whose छत्रछाया?
See how "Modi" helped ABG Shipyard.
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◾2009: Company was selected to build 11 high-speed water jet propelled interceptors for Coast Guard
Who gave Contract? UPA Govt under CONgress.
◾Oct 10: ABG took over a PSU "Western India Shipyard Ltd"
Who sold PSU? UPA Govt under CONgress.
Who was funding? Banks!!!
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◾2011 : ABG was awarded a ₹9700 Crore deal to build 2 cadet training ships for the Indian Navy.
Who gave Contract?....UPA Govt under CONgress.
◾2012 : It won an order again for ₹500 Crore from UPA Govt under CONgress.
Where was money managed from? Bank Loans!!!
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No problem with expansion of business by raising debts....but if one can afford to pay EMI & interest on Working Capital Advances.
But with so many orders in hands, that too from Central Govt, should there be problem with Regular Repayments?
Now comes the twist in story.
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◾ABG Shipyard was declared NPA in Nov 13 for "Non Operations" Failure to pay EMI & Interest against Advances
Then what about so many orders from Central Govt for Navy & Coast guard? No follow up by UPA Govt?
Anyways..
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ABG kept on being "GIFTED" loans & it's Capital Liability reached ₹ 12,187.84 Crore. Account is already NPA.
Now water was raising above head for Banks.
So here steps in Great Chidambaram & Then RBI Governor Raghuram Rajan.
Get ready. We are reaching climax of Story.
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◾"All" ABG Shipyard Debts were immediately "Restructured" in March 2014 under instructions from then Finance Minister Chidambaram & RBI Governor Raghuram Rajan.... WITHOUT ANY FORENSIC AUDIT !!!
Intersting, Isn't it?
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ABG continued with glorious record of being NPA wrt Restructured Loans too as business had already ceased to exist.
◾ Finally..ABG was declared NPA in July16 wrt Restructured Loan too putting it in "Dirty Dozen NPA" list & RBI NOW ordered Forensic Audit.
Audit Report..
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Forensic Audit report submitted by M/s. Ernst & Young LP on 18 Jan19 for Apr12 to July17 says:
"ACCUSED HAVE COLLUDED TOGETHER & COMMITTED ILLEGAL ACTIVITIES including DIVERSION of FUNDS, MISAPPROPRIATION,CRIMINAL BREACH of TRUST & for PURPOSES OTHER THAN FOR LOANS GIVEN"
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Do I need say anything more?
Now....take a Microscope and tell me how has PM Modi & his Govt was/is involved in this Another Scam which originated & continued under UPA Govt.
Modi Govt is infact Cleaning the System & has booked the accused...in fact, at a fastest speed.
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Lastly..Which bank disbursed Most Loans to ABG Shipyard?..ICICI.
Who was bank's CFO & Joint MD at ICICI bwn 2007-09 when ICICI was दानवीर कर्ण in giving loans to ABG?..Chanda Kochhar.. Supposed to be CLOSE to Chidambaram & Raghuram Rajan.
CONgress Menifesto promises
REDISTRIBUTION OF WEALTH! It's puppy Sam Pitroda has exposed hidden agenda of reintroducing INHERITANCE TAX!
Today I'm writing this post without emotions attached, focused on ONLY DISASTROUS consequences on Economy!
Read & spread max!
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The Disaster to Bharat's Economy with #WealthRedistributionPlan & #InheritanceTax:-
🌵ECONOMIC SLOWDOWN:
Will lead to reduced investment, resulting in economic stagnation. Who would want to create wealth with investments when all know that their wealth will be taken...
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away by the Govt to distribute among other undeserving people. Fall in investment will lead to less Capital Inflow in Industry which hampers its growth & expansion. Result:- Economic Slowdown!
🌵Reduced savings (because no-one would like to CREATE Wealth) means....
CONgress talked about giving Mu$£ims the first right to the country's resources, CONgress talked about giving reservations to Mu$£ims, and Congress had earlier made separate laws for Mu$£ims. This is the two-faced character of CONgress.
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Now crossing the heights of appeasement, CONgress wants to impose a tax on inheritance also, so that CONgress can plunder the wealth passed on from generation to generation in Hindu families, and it will allocate SOME pieces of it to its vote bank.
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Inheritance tax isn't just a tax; it's same conspiracy to impose Jizyah that Mughal empires imposed on non-Mu$£ims.
CONgress considers country's majority society as non-Mu$£ims and sees itself as descendants of Abdali, Ghori, and Babur.
CONgress has shown its True Colours ONCE AGAIN in it's Menifesto by promising to TAKE AWAY Wealth OF Hindus & Distribute among Mu$£ims ONLY!
But it's not the 1st time. You know that Manmohan Singh had said it before too!
But let me give you deep background!
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ANTI-HINDU FACE OF CONgress!
Manmohan Singh had said that 1st right on country's resources is of Mu$£ims!
But it did not come suddenly. Afterall, we know that Manmohan was just a PUPPY in hands of RAJMATA Antonia Maino who was working on a big plan to DESTROY HINDUS!
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CONgress was actually readying to:-
1. Include Mu$£ims in SC list. 2. Provide separate 15% reservation for Mu$£ims in Govt jobs. 3. Allocate 6% reservation separately to Mu$£ims by dividing OBC reservation on basis of religion. 4. Ensuring SC status even after conversion.
FULL DETAILS ON #SankalpPatra released by PM .@narendramodi Ji!
In TRUE SENSE, it's 24*7 Commitment for 2047!
Pls go through entire Commitment to understand how PM Modi Ji plans to build Bharat for 2047 for us, for our Future Generations with #ModiKiGuarantee
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1st what you want Most!
🔥UNIFORM CIVIL CODE
🔥ONE NATION ONE ELECTION
🔥 ELIMINATING LEFT WING EXTREMISM
🔥80% DISCOUNT AT MODI PHARMACY
🔥 MUDRA LOAN LIMIT TO BE RAISED TO 20 LAKHS
मज़ा आई?
Now more minute details which many won't tell you, but are Game-changers!
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🔥Commitment to support every garib parivar in coming out of poverty & lead a dignified life.
🔥Continued focus on empowering garib parivar jan to improve quality of life, increase income & live with dignity.
🔥Expanding PM Awas Yojana: 3+ Crore more houses to be built.