The banker villains in the ABG Shipyard fraud saga
It would seem Rishi Agarwal is India’s newly minted master fraudster. In making him the fall guy, the lenders to the company are craftily avoiding the spotlight on their role in the fraud.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Are minimum balance rules out of sync with modern banking?
ICICI Bank’s steep hike in minimum balance requirements and subsequent U-turn raise questions about whether these rules can and should endure.
Blinkit, Chanda Kochhar and the perils of short-term thinking
The changing power equation in quick commerce, a grim lesson in accountability and what our institutions lose every time they fail to see the big picture.
SC scrapped Bhushan Power and Steel deal to protect IBC, not undermine it
Acquirer JSW Steel and the other parties to the resolution process of the insolvent entity vitiated the sanctity of the bankruptcy code, the apex court found.
