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.

February 18, 202214 min
0
The banker villains in the ABG Shipyard fraud saga

You may also like

Business
Story image

Anil Ambani owes his gravy train ride to apathy, leniency

Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been

Business
Story image

Anil Ambani’s comeback is anything but one

The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.

Economy
Story image

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.