India's Biggest Bank Fraud || ABG Shipyard Scam Explained

[@namaskarprasad]

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[@sureshnishtala2887]

No one gets such kind of loans unless they have close relations with politicians and its a clear cut case of this....

[@parasbellani2851]

And We all knw which government was at center during 2003-2009 when loans where allotted 👀

[@AnuragSingh-gj7ou]

@@parasbellani2851 yes

[@deepjyotygune3461]

@@parasbellani2851 and we all now know what is gujrat model😂😂

[@degen1663]

@@parasbellani2851 and we all know 10 months ke gap mein kya kya hua or nirav modi, modi ne kya kia

[@bhagwat9992]

@@parasbellani2851 It's a Gujrat Model All Fraudsters are from Gujrat 💯

[@sober_soul_1]

Kisne Scammer ka naaam nahi lia.? company is purely driven by people..

[@withamberarya]

Their are 128 govt projects delayed since last 6 years . Which costs upto 5 lakh to 6 lakh cr of interest . Yeh bhi ek scam hi hai. Courtesy - RTI.

[@pruthvi7798]

yep,bullet train project is delayed by 6 years in maharashtra.

[@beraMangal]

Thanks to so called foreign funded NGOS and sarkari babu's

[@kalaisai680]

@@pruthvi7798 15lkh into AC, Smart cities, bullet train, PM care, Pegasus..all are scam too fyi..

[@kumarjagtap1885]

@@pruthvi7798 Bullet train is central gov project and 80% stations are in gujarat so bullet is not benefitial for Maharashtra so we marathi are not interested in bullet train

[@pruthvi7798]

@@kumarjagtap1885 bro i am not here to fight centre vs state , i see dead project everyday reason behind it is that gov of maha is unable to grab land even japan company has criticed maharashtra for it.

[@adwaitvedant3297]

*That's why I prefer HDFC and Axis Bank , only this two bank name is not there in the list .They don't give loans to anyone without tracking their progress in business*

[@pokinewspropaganda977]

Not axis bank it's sales tactics are worse in banking industry. kotak bank is comparative to hdfc

[@MukulYadav-hv2cc]

Kotak Mahindra Bank?

[@Sachinrawat_744]

Axis Bank gives 2 crore lons to ABG shipyard

[@golupolu6803]

You can't say what will change when !

[@adwaitvedant3297]

@@pokinewspropaganda977 All banks do sales following many techniques...It's the part of their job...Else banks won't run in profit...Axis is still more ethical than ICICI and SBI in its sales practice...ICICI and SBI sales endowment money back plans in the name of FD....You will not get everything perfect from all banks...Axis is the first private bank in India..And it has a very strong asset management company in its portfolio..LIC was it's promoters ...Even now LIC has around 10% stake in Axis bank...Axis is now quickly adopting block chain technology....And fintechs to make digital platforms more User friendly ...Keep 3-4 banks in your portfolio...1 strong PSU and 3 private sector banks

[@Encounter.Goondas]

Even private banks are giving fraudulent loans justdue to some contacts etc. Destroying public money.

[@VishalRaj-su2re]

Banking scam happens Le SBI:- pata nahi Aise mamlon mein main apne aap kaise age aa jaata hoon🤣🤣

[@kt6235]

Because it's biggest bank.... every other loan is taken from it.....so it's quite obvious

[@ElNino2993]

I am a Naval Architect working at a shipyard currently and I happen to work with several people who worked at ABG until 2016. Almost all of them did not get a year's salary while still in employment of ABG. They thought that a big shipyard like that would never close but alas... it did. They had completed a bulk carrier which was ready for launch but that never happened. Imagine a 185m steel structure with all equipment fitted worth easily about 100cr now just sitting as scrap for years. The scam not only deprived banks of their money but also people of their livelihood and India of a world class shipbuilding unit. Such a shame.

[@kishDoesThings]

People always remember..it never happened unless it gets caught.I am sure we are going to witness something even more infamous and which is currently happening as we breath ,but I hope it never does.

[@kaushikwaghmare6890]

Thank you this new learning sir , तुमच्या मुळे माला खूप नवीन शिकायला भेटल .

[@jatin1002]

Before forensic audit by EY, what statutory Auditor was doing when co started routing funds? He definitely could have discovered it & express qualified opinion in respect of utilisation of money borrowed. So not only bank officials but company's Auditor is definitely involved in this. GAAR provision introduce in income tax Act by Late Shri Arun Jaitley sir in 2017 is strong deterrent for such companies adopting tax heaven route.

[@jhansirani5281]

Thanks.

[@jatin1002]

@@jhansirani5281 for what?

[@krishdulani9951]

@@jatin1002 thanks

[@aliakhtar_0807]

Frauds and that too by the top management are not easy to be detected in audits, Audit has its own limitations incase you are well aware about audits, it's called inherent limitations. Provided the auditors have performed there work in due diligence they can't be hold accountable.

[@jatin1002]

@@aliakhtar_0807 Agreed that there are inherent limitations of Audit which restricts the auditor's ability to obtain sufficient & appropriate audit evidence and nor auditor is required to approach his work with suspicious or pre-conceived notion that there is something wrong unless some information has reached which excites suspicion or ought to excite suspicion in a professional man of reasonable competence. Using the Money borrowed other than for the purpose for which it's obtained is nothing but diversion of funds and clearly evident from Bank Statements. In the circumstances where he was not provided with evidence or management restricted the scope of audit in any way, Auditor should've given disclaimer of opinion which would atleast enable the users of financial statements to take action against the fraudulent management of the company.

[@panwardeepak79]

इतना बड़ा स्कैम😱😱😳😳😱😳😱😳😱😳😱😳😱😳😱😳😱😳,nicee वीडियो प्रसाद जी🙂🙂👌👌👌🇮🇳🇮🇳🇮🇳🙏🙏🙏

[@d.bcooper2316]

Outstanding content, fabulous presentation and explaining. Keep going 👍

[@hardikbhandari6846]

Now this bank will recover their loan from common people who have deposited their hard earned money in the name of 1. Increasing AMC charges 2. Penalties charges such as bouncing of cheque. 3. Transaction charges through net banking. 4. SMS Charges. 5. Decrease in interest rates.

[@mhdvijaybhasker]

U nailed it, sirjiee but this is one man's food, is others venom, public are there to washing the dirt on the backside, Today nirmala jie is requested for next 25 years banks will be for public use 😭😭😭🙏😂😂

[@prasannasolanke2021]

Nice one guys. Very well researched. Please don't be afraid to take names, if you find anything in your research. you've a huge following. Thanks very much to let us know how common public's money in banks is manipulated. @aajtak @zeenews @abp @tv9 should learn from this channel and educate people for betterment of the society.

[@krazycommentary155]

When a common man approaches a bank for a loan, he would be given a list of docs before he avails a loan... But wonder how loans were sanctioned to companies with negative cashflows

[@murtuzaattarwala5945]

Heavy commision is given to bank officials to approve such loans, anyways nothings goes from their pocket its common people money which is being used for personal gains. Who is at loss? common people. For few days people will talk about it and then it will be history like Malliya and Neerav

[@yashsonkar7c132]

Meva nahi agar seva nahi

[@KaranVed]

Crore is a dream of many people to achieve in their lifetime. These scams prove that crore has no value for them..

[@QuickSilver41]

Prasad, bahot research karta hai bhai. Thanks for info.

[@rajeevbhatnagar6495]

Someone senior in the Government was involved in advicing banks to extend the loans. You have skipped the most important detail. Where are the promoters today?????

[@cryogenic5456]

This always happens...even Gadkari keeps extending deadlines of his close aides for highways...

[@Sourav_MadridCF]

Love From Odisha ❤️❤️❤️

[@mohammedaffan7617]

Why media is not showing it

[@mdak8163]

Thanks for the case study.. Love u bro 😘

[@adityamahapatra2713]

Thank you very much for the info. Helped a lot. Keep making such videos through which people can get knowledge about the financial world and cases related to it.❤👍

[@parulkrjain2171]

Level of sarcasm 5:48 😅

[@omkarsalunkhe4390]

I was waiting for this video since I heard the news, worth it!

[@mrmint07]

Really Great Info ,Thank You Convey 🤠🤗

[@jitukumar.8255]

i always wonder, how do you know these facts...... This must takes so much reachers.... Amazing man... 👏👏👏

[@Samrk786]

Add some animations man. Really miss those.

[@pksphere2671]

You have mentioned nothing about owners and company promoters. You mentioned they ran away in your thumbnail but again said nothing about that. Improvement require. But overall informative.All the best Prasad

[@riseoosaurabh2269]

Convey a fruitful market analysis and report card channel🚀🚀🚀 rise up dears u all are rocking

[@Motivational_click817]

Bgm is awesome like your explanation dude..💯

[@devrajrathore9504]

Now middle class should get ready for low rate of interest and restrictions on withdrawal etc.

[@mukeshpandeyt]

Thank you Bro ♥️🙏

[@omeshdhore734]

Convey Warriors.. 💪💪

[@VivekSir90]

साधरण आदमी बाहर जाना चाहता है तो कितने पापड बेलने पड़ता है... इतने बड़े क्रिमिनल भागते हैं तो कोण हे जो इनकी हेल्प कर्ता है

[@swarajkumarmoharkar2505]

Saare Scams Frauds Gujrat se hi w related hote hai.

[@princemehta2801]

Waiting for your video from 2-3 days Prashad bhaiya...

[@manashdey565]

3:35 Coinswitch kuber be like : Party Badal Liya Saala 😂

[@kunalpatwardhan7500]

Eagerly waiting for it.🤗

[@sub-divisionalofficerdeogh5175]

Very good video series on corporate frauds....make more such videos

[@mangleshdubey3136]

Sir convey simulator open nhi ho rha hai

[@civilengineeringknowledge7269]

Bade bade loans default hote rahenge banks unko kuch nahi kahenge agar education loan yaa small loans ki emi agar samay se jama nahi hue to pareshan karte h......

[@BPSchauhanVLOGS]

you have conveyed perfectly !

[@RS-zh1vc]

Why most of the scams done by gujarati ? please make video on this topic

[@DheerajKumar-fo7ft]

Greedy for money.

[@ishaanpandey6214]

Business man gujrat se jyada hota hai to 100 me se 1 scammer nikal jata hai

[@hrutikbavkar11]

Congratulations prasad sir for your youtube channel reaching out soon 2M subscriber. 💐

[@withamberarya]

Everyone should atleast know how to do RTI ? It's very important in making you a better citizen

[@mr.darkflame1143]

Make a case study on sahara india scam one of the biggest companies in past

[@rishabhx1999]

Sir Indian government ya politicians jaan bhuj k stock prices girane aur pese hadapne k possible ways/scenarios kya ho skte h

[@rishabhx1999]

Agr koi aur b ese scam ki possibility k bare me janana chahta h to like krein us comment ko

[@gurumobiles7120]

Good video.. Are these funds already reported as NPA and provisioned or not? If not, it will be cheating by banks with investors.

[@dhruvsanghvi7767]

Was waiting for this only😍

[@ronit.pereira7172]

why isn't media showing this?

[@spsachingmailcom]

Correction.. modia not media

[@nottyrotty8973]

Itne saal baad bhi UPA k hi scam saamne asthe...just think how much we could have accomplished during that era.

[@vrbuda6941]

Chup kar be cuthiye... Modi bhakt saaale

[@dangergamimg1933]

@@vrbuda6941 . Abdul ki gandiya jali, saf saf dikh rha kon bhkt ha 🌝

[@rahulkhandelwal2698]

Yar agar upa ka time ka scam tha toh 8 yers tak nda govt kya kar rahe thi

[@shawez_malik]

Gujrat kacm toh modiji he thee lekin rok nhi paye aur 2014 se pm bhi h lekin kuch nhi kr paye 😁😁😁

[@Samarthjbr]

Ham sbko mil ke banaya ja raha h Chahe bjp ho ya upa

[@LTSwithSAM]

The whole fraud happened around 2005 to 2010, also, ABG Shipyard accounts were restructured in 2009.

[@jondebbarma7287]

F********k we middle class people if want to take even 5 lakhs rupees also have to give guarantee and we didn't get loan.Good very good 🤣🤣🤣

[@rutikeshlomate2630]

2004-2012most scam era....scam ke era me inone bhi hath dho lia rahnge

[@chiragmhatre9077]

Bgm is good but it's making difficult to grasp whatever you are saying...so No bgm is good. 👍🏻 Awesome video ❤️

[@myshticaanimo2169]

Thanks ❤️ sir

[@rabinguragain3751]

Big fan prasad i like the way you explain any thing...

[@NiranjanJambhulkar]

Miss those animations 🙁

[@sureshkapoor6875]

Unknown hands behind bank scams.

[@arpitmittal9740]

make video on which is safe bank for long term

[@predatorxpro5956]

1% tds charge and 30% profit taxe easko se accha to band he kar detea government i am your big fan convey 🙂

[@ayushkhandelwal1249]

What about the Company Compliance offer CS of the company and Statutory auditor and Internal auditor , audit committee and ID.

[@saurabhdhande7409]

Favorite KZbinr, ek number Prasad sir...

[@samherris]

Here banks gives crores of loans without verifying their credit worthiness of the companies and if a farmer fails to pay any installment of their loan then banks take immediate action to seize their tractor, assets etc this is new india

[@chanchalagarwal2697]

Fraud came to know in 2019, but still CBI didn't get adequate info till now! This one is the main point to consider why too much delay in proceding!?

[@akephalos438]

These things aren't as simple as they look, just gathering enough info can take months. Verifying the books for hundreds of entities, in different countries, especially when the books are DESIGNED to confuse and misguide. The scam actually took place between 2007 and 2013, banks have no way of knowing until the long term debts start defaulting, which started in 2013. Then when all the loans failed slowly over years, the obvious course of action is Corporate Loan restructuring, which they violated as well, all this can easily extend up till 2019, then the CBI has to be caught up on everything, that took them around 8-9 months in 2019.

[@chanchalagarwal2697]

@@akephalos438 But the main point is that are verifications took around 2 years(from jan 19 to feb 22) ?

[@akephalos438]

@@chanchalagarwal2697 that probably no one can explain. Even the election angle doesn't work since elections were over in 2019. The entirety of 2021 and 2022 were wasted it seems.

[@avinashjadhav3194]

your Content is very informative but while watching video advertise was disturbing 😢 you can put advertise at end of the video , you know convey subscribers not leave without watching your advertise. 😉and thank you Prasad for your efforts and keep sharing knowledge with us.😊 ❤

[@namaskarprasad]

Will work on this. Thanks for the feedback, Avinash

[@oyedeepak]

I understand, but that is the requirement from client's side. Placement plays a major role in business.

[@TheBigBang420]

Banks gives money as loan to Big company so easily but when it comes on common man toh Abhi launch time hai 😂😂

[@ManishGupta-zy5yz]

The starting and intro was too good 😊

[@alitextile]

Daily finovation update kab sa aya ga

[@monishsanghvi5409]

Please share this video with our Dear. Finance minister, Sitaramanji, who thinks crypto is a fraud, Ponzi scheme, Tulip mania, gambling. That is why goverment doesn't want any Decentralised blockchain business to grow, because they won't get any profits out of that. RIP INDIAN GOVERNMENT. 🙏🏼

[@advsjm6513]

Company Owner Name Disclose Nahi kiye. Aap ne.

[@Sourav_MadridCF]

Ish company mein public ki majority thi

[@flashdv6582]

Hii Mujhe apke piche ka background thik nahi laga Yekuch jyada hi shiny tha Apko any types for dark background use karna chahiye Especially in documentry video me Thanks Because video me background bhi bahut matter karta hai

[@gujjuSong]

We have some source and they said all over bank most of all banck recovery and some 200 cr and then are pending.. bank already recovered.. hope all recover money because abg shipyard have more land in surat and the prize is more then to 60 to 100 cr per acres..

[@vickyicecreamwala5135]

@1.50 bhai windows to original use kar liya karo

[@JK-kz5el]

Prasad Bhai, If a common man took loan and unable to pay even one EMI Bank called and hamulate the individuals. But these corporate not paying any interest and became default but no action on individual.

[@akashsarak3066]

Thank you❤

[@govind8723]

Sir aap ye knowledge khaa se lete hob....

[@pavankodape8509]

🔔 Notification nahi Aa rahe hai

[@nisantmishra]

Uti nifty index fund Uti new nfo jo lunch huwa 25 exp date h uske bare me plz video bnaye esme mane invest kiya h

[@kevalpatel9358]

ABG 🚢 shipyard Sham on you 😡 😤

[@mritunjaykumarmisra2360]

Prasad Bhaiya Mai OLX ka sikhar ho chuka hun, please OLX fraud ke upr logo ko update kre🙏

[@induagrawal3831]

Was waiting for your vdo 🙏

[@freakymancho7957]

I don't prefer putting my money in bank Whenever I get money I buy assets

[@AlphaSierra380]

Its ironic that you are here to help investors in help them understand investing. But keep promoting Crypto. Which is not at all a good investment. Very high risk. Hope you change your sponsors next time

[@Not_Bruce_Wayne]

Crypto was created because banks in the US committed fraud and caused the 2008 recession. Watch the oscar winning movie Big Short and why crypto wipes out the banks for the betterment of mankind.

[@visa8413]

@@Not_Bruce_Wayne true

[@valamehul90]

Once upon a time it was my dream company to do Job... Thank God.

[@ashok94641]

Why u not run channel.....convey updates

[@sandipsaha4469]

Dekha bola tha na sarkar mili hui hai corupt logo k saath...

[@harsharaghav6083]

I have heard that INDIAN BANK has the least number of NPAs and they are very particular about the financials of the companies before disbursement of loans. Please correct me if I am wrong.

[@devanshuprajapati8643]

Sir your all videos are great But I request you not to advertise your sponsor between the video plz. Link toot jati he🤟

[@vaibhavkolhe7433]

Sir Fundamental Analysis ka video bana do..part 2 ka

[@somilsadana]

Insab se ek seekh milti h. Agar aapko apne paiso ki chinta h to unko please FD mai mat daaliye

[@sakshamsingh9122]

Company ke CA & CS walo ko bhi enquiry mein lo since it is very hard to believe that this huge scam is done without the involvement of CA & CS of the company

[@AjayKumar-lc5kl]

Clearly there should be a limit as to how much loan should be given to companies. For ex as in this case if comp hd profits of below 200 crores, negative cash flow frm ops and assets worth some 1000 crores then the amount of loan should be accordingly because afterall its a common ppl money. Secondly round tripping should be penalised for companies already taking loans to recover cost of operations.

[@s.sastro5049]

Thanks sir for my requested video🙂🙂

[@AdityaSingh-zv3jo]

Well done Birla ji

[@abinashlenka5593]

Sir please aap tabaco and beer manufacturing company khud ka kaise shuru kare full case study banaye 🥺🙏🙏

[@withamberarya]

Bolo zuba keshri 🤣

[@comedyscene4212]

sir great work 👍🏻

[@swapnilpawar3465]

Quality content 🔥 🔥

[@blazechat]

Adani group ka koi forensic audit karvaoo