ABG Shipyard controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Alleged bank-fund diversion and fraud
A forensic audit by Ernst & Young, initiated by State Bank of India, reported alleged diversion and misuse of funds involving a 28-bank consortium. Public accounts describe allegations that funds were used for purposes including servicing other lenders and obtaining letters of credit. State Bank of India referred the matter for investigation, and later complaints sought examination of possible roles played by public servants and other individuals. The allegations and investigations should not be treated as final findings against every person or entity connected with the company.