News > CBI issues lookout circulars against ABG Shipyard directors

CBI issues lookout circulars against ABG Shipyard directors

Odisha TV | 15/02/2022 08:17 PM | Click to read full article

In the latest development in the Rs 22,842 crore fraud, allegedly committed by ABG Shipyard company, the CBI said that it has issued a Look Out Circular (LOC), against the accused in the case.

The CBI revealed that there are around 100 high-value bank fraud cases that could not be registered due to non-accordance of specific consent u/s 6 of the DSPE Act by the state governments where the general consent has been withdrawn.