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.
Global chessboard is set & Dumbo Trump is completely clueless!🔥
FOREIGN CENTRAL BANKS NOW OWN MORE GOLD THAN U.S. TREASURES FOR 1ST TIME IN 30 YRS.
Now connect some dots-
~PM .@narendramodi Ji visits Japan & Japan hold back Trade Deal with US.
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~Before emplaning for Tianjin, China, PM .@narendramodi Ji said “Stable, predictable & amicable bilateral relations b/w India & China will have positive impact on REGIONAL & GLOBAL peace & prosperity. This is also crucial for a multipolar world”
(Read every word carefully)
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~Most influential Trio of World, Modi Ji, Putin & Xi will meet during SCO Summit.
~Japan alone holds $1.13 Trillion of US Treasury Securities, As of April 2025, China holds $757.2 Billion & Bharat $232.5 Billion.
LOVE YOU SUPREME COURT FOR THIS VERDICT wrt BIHAR SIR EXERCISE❤️
"Rahul Ghandy is a Hero" "It's Moral Victory to RaGa" "Only RaGa can do this"😂😂
Piddis going overboard without even realising SC has put a death knell in CHINDI Agenda against ECI🔥
Let me explain how!
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SC has issued certain directives to ECI wrt SIR & it has literally taken wind out of Rahul Ghandy's motivated false campaign against ECI.
SC today instructed-
• Publish list of 65 lakh deleted voters on CEO’s website.
• Give reasons for each deletion.
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•Publicise list widely in newspapers & on TV
•Display list at Panchayat & BDO offices
THIS'S FANTASTIC!
Tell me what's left with RaGa to mislead & incite people after this? He can't even accuse ECI of hiding any material info as nothing can be more transparent than this!
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While CHINDIs were doing Nautanki against ECI during & are now at Kharge ji's residence for free food, #Modi Sarkar has passed VERY IMP
Sports Reform Bill in LS which along with other sports associations, is going to BRING rogue BCCI UNDER STRICT CONTROL!
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As we know BCCI, well known for alleged corruption & also for hurting National Sentiments many times for its monetary gains, has always skipped enquiries & even CAG Audit by saying 'We are Pvt Association'!
NO-MORE!
BCCI IS SCREWED NOW!
How? Pls read on.
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National Sports Governance Bill 2025 imposes significant checks on the BCCI, curtailing its historically unchecked authority. Below are the key pointers with brief explanations of how the bill limits the BCCI’s autonomy:
1. **Mandatory NSF Recognition**:
BCCI must register as a National Sports Federation (NSF) to access government facilities and participate in international events like the 2028 Olympics. Non-compliance risks de-recognition, forcing the BCCI to align with the bill’s governance standards, reducing its ability to operate independently.
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