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.
(1/13)
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.
FM .@nsitharaman Ji has tabled #EconomicSurvey report in the #Parliament
It's not just a report but a growth story of Bharat. Now since MSM will not highlight the same as it doesn't fit in its agenda, let me give you ENTIRE highlights of same. Read & feel proud.
1/24
1. State of the Economy – Steady & Strong!
• Economic growth 2023-
Global: 3.2%
Bharat: 8.2% (8+% in 3/4 quarters)
Reason- #Modi Sarkar's focus on maintaining macroeconomic stability ensured that external challenges had minimal impact on India’s economy.
2/24
• #Modi Sarkar's thrust on Capex- Gross Fixed Capital Formation⬆️9%
•Healthier corporate & bank balance sheets to further strengthen Pvt investment.
•Positive trends in residential real estate market hint household sector capital formation increasing significantly.
Now when Raul Vinci has newly found his lost love for #Manipur, it's imp to take a sneak peak in past.
You might be knowing on this or may be not, but it's important to expose real past to decide what's actually burning! Manipur or Something else?
1/7
In 2008, UPA Govt had sent its HM, P Chidambaram to #Manipur, who signed SoO agreement with MYANMAR BASED militant group, Zoumi Revolutionary Army (ZRA).
Encircled in red is Chief of ZRA, Myanmar, shaking hands with former Union HM Chidambaram after signing SoO agreement.
2/7
Now what's wrong in signing a peace making agreement with a Mi£itant Group? It's good to bring them in mainstream to achieve peace for long term, isn't it?
But here is a SMALL glitch.
ZRA was a FOREIGN COUNTRY BASED Mi£itant Group and not any Bharatiya Rebel Group.
3/7
Effective from today, the New Bharatiya Justice Laws have now replaced the Abrahmic Criminal Laws of "India".
What are Ground Breaking changes which will overhaul system to bring JUSTICE with LAW, which was missing since 1947?
Read.
1/9
🔆Zero FIR: Allowing people to file an FIR at any police station, regardless of jurisdiction, to eliminate delays in initiating legal proceedings.
🔆Online registration of police complaints & electronic service of summons.
2/9
🔆Mandatory videography of crime scenes for all heinous crimes to strengthen investigations.
🔆Summonses can be served electronically, expediting legal processes, reducing paperwork, and ensuring efficient communication among all parties involved.
3/9
Raul Vinci has finally taken SOME responsibility & became LoP.
BUT FOR HOW LONG?
I don't mean that he will quit as he can't now go on secret foreign tours or he won't be able to go frequently to Thailand for relaxation.
Something is up!
1/12
Raul Vinci is LoP, but what if he loses his MP post?
Why will that happen? Multiple reasons!
🔥A PIL has been filed in Prayagraj HC to set aside election of Raul.
Basis is his British Citizenship. I think, many of you already know on this. But let me remind you details.
2/12
Raul was a director in M/s BACKOPS LIMITED bearing Company Number 04874597 from 21/08/2003 to 17/02/2009 & has declared in his submission that he's a British citizen.
His 2004 affidavit to ECI mentions his Directorship of BACKOPS & he holding several bank accounts in UK.
Remember how Leftist NGOs were used to organise vi0£ent protests for closure of Vedanta's Sterlite copper plant in Thoothukudi (TN) in 2018, to help China?
SAME GAME HAS STARTED AGAIN, SPEARHEADED BY CONgress THIS TIME!
1/9
Take this thread as a WARNING!
Game to HURT Bharat's STRATEGIC INTERESTS has started & this time CONgress is OPENLY leading it from the front!
CONgress has demanded suspension of environment clearance given to Great Nicobar project!
What is the project all about?
2/9
#Modi Sarkar has approved Rs 72000 Crore Mega Project in Great Nicobar Island which includes integrated development of International Container Transshipment Terminal, Strategic Port with Greenfield International Airport, Township and 450 MVA Gas & Solar Power Plant.
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