BhikuMhatre Profile picture
Feb 15, 2022 15 tweets 5 min read Read on X
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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 !!

(2/13)
◾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.
(3/13)
◾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!!!
(4/13)
◾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!!!

(5/13)
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.
(6/13)
◾ABG Shipyard was declared NPA in Nov 13 for "Non Operations" Failure to pay EMI & Interest against Advances

"Non Operations" ???? Sounds interesting. Isn't it?

Then what about so many orders from Central Govt for Navy & Coast guard? No follow up by UPA Govt?

Anyways..
(7/13)
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.

(8/13)
◾"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?

(9/13)
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..
(10/13)
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"
(11/13)
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.
(12/13)
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.

Connect dots.

I rest my case.

(13/13)
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More from @MumbaichaDon

Mar 17
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Mar 11
Thread:

Today's Punya Tithi of Chhatrapati Sambhaji Maharaj🙏

11 Mar 1689- Radical I$£amist Aurangzeb ki££ed 'Chhava'-Sambhaji Maharaj!

Such horrible act that film Chhava could show only 10% of REALITY.

RT max to unmask Glorification of this INVADER by Fake Historians.

1/9 Image
1st, Chhatrapati Sambhaji Maharaj was made to wear a "Takhta Kulah," a cap given to criminals in Iran.

It was a multicoloured outfit resembling that of Jester, with a heavy wooden cap on head.

Despite this, Sambhaji Maharaj did not bow down & refused to accept Islam.

2/9 Image
Then, Cruel Aurangzeb intensified tortures—

A heavy wooden block, laden with great weight, was placed around Chhatrapati Sambhaji Maharaj’s neck. His hands were tied to the block. Bells were also attached to this block. Heavy iron chains were bound to his hands and body.

3/9 Image
Read 9 tweets
Mar 3
साला, how much ever I try to remain decent, these Intellectually Bankrupt Piddis & Twitter Economists don't allow me that.

Ab naya Nautanki laye hai bewkoof that Stock Market Crash is because #Modi Sarkar raised LTCG Tax to 12.5%. Now I've to show mirror to those PIDIOTS.

1/4 Image
Decades of historical evidence show that Bharat's stock market downturns are triggered by genuine macroeconomic shocks, global crises, or speculative scams—not by minor tweaks to tax policy. In fact, over the past 40 years, Bharatiya equity market has seen around a dozen distinct bull and bear cycles, each driven by factors like the 1992 Harshad Mehta scam allegedly with blessing of CONgress Govt, the 2008 Global Financial Crisis, and the 2020 COVID-19 crash. None of these seismic events had anything to do with capital gains tax changes.

2/4
If you look at the table attached, which summarizes these major bull-bear cycles from 1985 to 2025, you’ll see that real market crashes align with large-scale economic or regulatory upheavals, not incremental adjustments to LTCG rates.

Even the current 2024–2025 correction—a modest 10% pullback—is more a reflection of global rate hikes, valuation resets, and election-related jitters than any tax-driven sell-off. In 2024, the Federal Reserve raised rates by 175 basis points, triggering billions in FPI outflows across all emerging markets, not just Bharat.

Meanwhile, the Nifty’s price-to-earnings ratio simply normalized from 28 down to 22, falling back in line with its historical average. Historically, Bharatiya markets also experience 6–8% volatility around election years, so this correction is well within the norm. Frankly, the 12.5% LTCG tax is a footnote compared to these heavyweight drivers.

The same pattern held true in the past.

3/4Image
Read 4 tweets
Mar 1
"Earlier, people used to be jailed for cutting bamboo as we had this law that used to consider bamboo as tree & It's our govt that changed law"- PM .@narendramodi Ji.

It's not so simple.

Know how UPA DELIBERATELY KI££ED Domestic Agarbatti Industry to HELP China.

1/4
It started with UPA slashing Import Duty on Raw Agarbatti from 30% to 10%. It resulted in Imports going from 2% (₹31Cr) in 09 to 80% (₹546Cr) in 19.

Add to it "Licence Raj" of UPA & it's lukewarm performance in providing basic infra includ Power.

25% Industry Killed.

2/4
TODAY BHARAT'S AGARBATTI INDUSTRY IS BECOMING ATMANIRBHAR!! Annual Turnover of around ₹14000 Crore.

How was Turnaround Possible?

🔸Modi Govt increased Import Duty on Bamboo from 10 to 25% in 2020.

3/4
Read 4 tweets
Feb 16
CONgress MP Imran Masood declares that Mu$£ims won't accept UCC & will follow only I$£amic Sharia Law.

After his arguments, even I've decided to SUPPORT SHARIA LAW IN BHARAT & WITHDRAW SUPPORT FROM #UCC ...PROVIDED AIMPLB AGREES TO FOLLOW SHARIA LAW IN 100% CAPACITY!

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AIMPLB must agree to ALL following as per Sharia:

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🔥Bharat's Banks must stop paying interest on Mu$£im Account holders' deposits as Earning Interest is Haram as per Sharia. AIMPLB must set up Is£lamic Banks as per Sharia.

🔥Voting Rights of All Mu$£ims must be cancelled as there is nothing such thing mentioned in Sharia.

3/9
Read 9 tweets
Feb 14
Short Thread:

PM @narendramodi Ji completed highly successful #USA Tour solidifying relations b/w 2 Global Powers.

It was most tricky mission for #Modi Ji to deal with Headstrong Nationalist President Trump, but he walked tight rope with excellence.

Landmark Decisions👉

1/6
Before I start, one thing we must understand is that Trump is President of US & not of Bharat and Modi Ji is PM of Bharat & not of US. So, but naturally, both think of own nation 1st & not other way round.

Considering this fact, let's go ahead to understand Modipomacy!

2/6 Image
Trump's Priority was Trade & #Modi Ji's National Security. The landmark decisions reflect those clearly.

What US & Bharat, both got-

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Read 6 tweets

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