Rishi Agarwal (ABG Shipyard) Age, Height, Family, Wife, Net Worth, Biography & More

Rishi Agarwal, the previous Chairman and Managing Director (MD) of ABG Shipyard Ltd, is booked by the CBI for felony conspiracy, dishonest, felony breach of belief, and abuse of official place below the IPC and the Prevention of Corruption Act. Also, he’s the MD of Vadaraj Energy Ltd, Gujarat.

This is the most important ever financial institution fraud case registered by CBI. ABG Shipyard Ltd is understood for shipbuilding and restore. It has its yards in Gujarat’s Surat and Dahej. The firm can construct vessels as much as 18,000-deadweight tonnage on the Surat shipyard and a 1.20-lakh deadweight load on the Dahej unit.

Biography & Wiki

Rishi Agarwal Full Name	Rishi Kamlesh Agarwal
Profession	Businessman
Famous For	Rs 22,842 Cr ABG Shipyard Scam
Physical Stat
Height	In Centimeter- 167 cm In Meter- 1.67 m In Feet- 5’6”
Weight	In Kilogram- 68 kg In Pound- 150 lbs
Eye Color	Black
Hair Color	Black
Personal Life
Date Of Birth	1969
Age (2022)	53 Years
Birthplace	Koderma, Jharkhand
Zodiac Sign/Sun Sign	N/A
Nationality	Indian
Home town	Koderma, Jharkhand
College/University	Purdue University, America
Religion	Hinduism
Caste	Marwari
Family Member
Marital Status	Married
Rishi Agarwal Wife	Name Not Known
Children	N/A
Parents	Father- Name Not Known Mother- Name not Known
Sibling	N/A

Family, Early Life and Education

Aggarwal was very fond of shipping business from the beginning and wanted to do shipping business.

He bought land from RS Nakara at Magdala Shipyard by paying 8 lakh rupees. Later, on this land, he formed the ABG Shipyard Company, which works in the construction of large and small ships.

According to a report, Agarwal was given the first order in his business by his maternal uncle.

Rishi has completed his MBA from Purdue University, USA

Rishi Agarwal Fraud Case and Controversy

ABG Shipyard has constructed more than 165 vessels in the 16 years. ABG Shipyard’s loan account was first declared as a non-performing asset (NPA) in July 2016. Later, SBI filed its first complaint on November 8, 2019. The loan account was declared fraud in 2019. SBI filed a new complaint in August 2020 After this complaint, CBI acted on SBI’s complaint after “scrutinising” for over one and a half years on the complaint’s FIR on February 7, 2022.

Besides Agarwal, CBI has named the then executive director Santhanam Muthaswamy, directors Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and another company ABG International Pvt Ltd have been booked. The agency has booked them for alleged offenses of criminal conspiracy, cheating, criminal breach of trust and abuse of official position under the IPC and the Prevention of Corruption Act, they said. In its official statement, CBI said that it conducted searches at 13 locations on Saturday, February 12, in the premises of the accused including a private company’s directors at Surat.

About ABG Shipyard Company

ABG Shipyard Company is a private limited company that is engaged in the construction work of Surat and Dahej in Gujarat. Rishi Kamlesh Agarwal is the owner/chairman of ABG Shipyard. This company was formed in 1985, its headquarter is in Mumbai. Which has so far made more than 175 new ships, which are supplied in the country and abroad. ABG Shipyard Company makes new ships as well as repairs and sells its parts.

Banks that were cheated by ABG Shipyard

According to a complaint by the State Bank of India, the company owes ₹ 2,925 crore to the bank, ₹ 7,089 crore to ICICI Bank, ₹ 3,634 crore to IDBI Bank, ₹ 1,614 crore to Bank of Baroda, ₹ 1,244 to Punjab National Bank ( PNB) and ₹ 1,228 crore to Indian Overseas Bank (IOB). The funds were used for purposes other than for which they were released by banks, the CBI said.

A separate money laundering investigation has also been started against them by the Enforcement Directorate (ED).

Rishi Agarwal Net Worth

In 2016-17, his revenues were Rs16.40 crore, whereas debt was Rs10,000 crore.

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