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.
Operation Sindoor wasn’t just a retaliation—it was a revelation.
After Pakistan’s failed missile attacks across Bharatiya cities on 8th May, Bharat responded not just with force, but with flawless air dominance.
Read How 11 yrs of Modi-era defence upgrades sealed skies.🧵
1/
Pakistan fired missiles at military bases in Jammu,Punjab,Rajasthan & Gujarat.
Not single missile hit targets,Thanks to fully operational Integrated Counter-UAS Grid. Bharat neutralized ALL using S-400, Barak-8, Akash & DRDO’s anti-drones
This wasn’t reaction BUT readiness
2/
What followed was swift and surgical strike.
Bharat struck deep inside Pakistan, neutralizing:
✅ An HQ-9 air defence unit in Lahore
✅ Multiple radar sites
✅ Key terror infrastructure
It wasn’t just retaliation—it was humiliation on radar.
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Lot of furore is being CREATED against #Modi Sarkar for declaring Caste Census with Population Census.
Let's address most imp concerns 1st.
RESERVATION CAP NOT TO EXCEED PRESENT 50%!
NO RESERVATIONS IN PVT SECTOR!
GOVT HAS NO SUCH PLAN ON PLATE.
Happy? More details..
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Why is #Modi Sarkar planning Caste Census?
It has been observed that present reservations are actually doing injustice with those for whom they are meant for.
Let's talk with actual examples.
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In 2023 Bihar Caste Census, it was observed that Yadavs who're in OBC category, were 14.26% of population, BUT out of total number of Govt employees, 17.20% employees are Yadavs (289538 ÷ 1683253 ), i.e. they over-represent in terms of their population by almost 3%.
After #PehalgamTerroristAttack, CONgress declared support to Bharat Sarkar in any action against Pakistan. Same CONgress has started showing its True Colours AGAIN. But is that surprising? Absolutely No!
CONgress CRIES FOR TERR0RI$TS, NOT FOR BHARAT. A DARK BETRAYAL.
🧵
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Sonia Ghandy wept for Batla House terr0ri$ts.
But not a single tear for martyr Inspector Mohan Chand Sharma, who died fighting Jih@dis in Delhi.
In CONgress’s 'India', terr0ri$ts get sympathy. Soldiers get silence.
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After 26/11 Mumbai att@cks, instead of standing with Bharat, CONgress leaders like Digvijaya Singh blamed RSS.
Not Pakistan.
Not ISI.
Not Lashkar-e-Taiba.
But RSS.
This is how CONgress betrayed the b£ood of 175 innocent Bharatiyas.