The officials said the company received credit facilities from 28 banks.
Financial institutions, with the State Bank of India (SBI) having exposure of ₹2,468.51 crores.
Rishi Kamlesh Agarwal, founder and chairman of ABG Shipyard Limited was detained by CBI on Wednesday.
In relation to an alleged bank fraud worth over ₹22,842 crores.
A forensic audit of the loan account, which included transactions from April 2012 to July 2017, revealed the suspected fraud.
In June 2019, the account was deemed fraudulent as a result of the investigations.
With effect from November 30, 2013, it turned into a non-performing asset in July 2016.
The audit turned up allegations of misappropriation, theft, and criminal breach of trust.
The money was allegedly invested through a Singapore-based company for unspecified objectives.
To associated parties, payouts of hundreds of crores were paid.
As claimed, properties were also purchased using money given by ABG Shipyard.