October 15, 2025


PTI

Hathras, February 13

Whenever major scams are unearthed in India “people from a particular place are found involved”, claimed Samajwadi Party chief Akhilesh Yadav on Sunday while referring to the Rs 22,842 crore bank fraud by the Gujarat-based ABG Shipyard.

Addressing an election meeting at Sikandararau here, he claimed a poor person has to mortgage his land to avail a bank loan while big businessmen fly abroad after getting a huge loan.

On February 7, the CBI booked ABG Shipyard Limited (ABGSL), its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of banks led by the State Bank of India of over Rs 22,842 crore.

The ABGSL being a major player in the Indian shipbuilding industry operates from shipyards located at Dahej and Surat in Gujarat.

“Those who have read the newspapers would be knowing that a major bank scam has taken place. Whenever these major scams take place, people from a particular place are involved. In the scams, which had taken place earlier, a number of people were from that place,” the Samajwadi Party chief said.

“The money in the bank is of the poor. When a poor person wants to avail a loan, he has to mortgage his land. But these big businessmen take a big loan from the banks, arrange an air ticket and go to a foreign country,” he said.

Taking on the BJP, Yadav claimed the ruling party had promised that people…

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