Congress questions govt over ABG loan fraud : The Tribune India

Join Whatsapp Channel

Congress questions govt over ABG loan fraud

Congress questions govt over ABG loan fraud

The BJP on Sunday hit back at the Congress over private firm ABG Shipyard allegedly cheating banks of over Rs 22,842 crore, saying these loans were sanctioned when the UPA was in power whereas the Modi government had gone after the promoters behind such frauds. - File photo



PTI

New Delhi, February 13

The BJP on Sunday hit back at the Congress over private firm ABG Shipyard allegedly cheating banks of over Rs 22,842 crore, saying these loans were sanctioned when the UPA was in power whereas the Modi government had gone after the promoters behind such frauds.

BJP spokesperson and Rajya Sabha member Syed Zafar Islam said that for the Congress to attack the government over the case was like “thief blaming the cops for the crime”.

He said these loans were given prior to 2014 when the BJP came to power and the BJP government had identified the fraud. “That is why we have taken action,” he added, referring to the CBI case in the matter.

The Congress accused the Modi government of complicity, collusion and connivance in “India’s biggest bank fraud”, asking why the government took five years after the liquidation proceedings of ABG Shipyard to lodge an FIR. The CBI on February 7 booked ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of banks led by State Bank of India (SBI) of over Rs 22,842 crore.

The BJP spokesperson said banks had been giving loans on the basis of the strength of companies, unlike in the past when they sanctioned loans at the “behest of political masters”.

“The Congress is brazening it out. Its government ran the ‘phone banking’ scam with its functionaries forcing banks to sanction loans after accepting commissions from these promoters,” he said. —

#abg


Top News

Phase-1 sees 62% turnout; violence mars polling in West Bengal, Manipur

Lok sabha elections 2024: Phase-1 sees 62% turnout; violence mars polling in West Bengal, Manipur

Tripura leads with 80% | Bihar at bottom with 48.5% | Easter...

INDIA VOTES 2024: 4 lakh voters in 6 Nagaland districts, but none turns up amid shutdown call

INDIA VOTES 2024: 4 lakh voters in 6 Nagaland districts, but none turns up amid shutdown call

Locals’ bid to press Union Govt for ‘Frontier Nagaland Terr...

INDIA bloc marginalising farmers, youth: PM Modi

INDIA bloc marginalising farmers, youth: PM Modi

Addresses 3 rallies, says Congress hasn’t shed its mindset o...

Double engine keeps derailing in Bihar, Mallikarjun Kharge targets Nitish Kumar

Double engine keeps derailing in Bihar, Mallikarjun Kharge targets Nitish Kumar

Accuses BJP of ignoring inflation, joblessness


Cities

View All