The ED has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of banks of over Rs 22,842 crore, official sources said.

The action comes days after the CBI registered an FIR in the country`s biggest alleged bank loan fraud case. The ED case has been filed under various sections of the Prevention of Money Laundering Act (PMLA) after the investigators studied the CBI complaint and the forensic audit report, sources said.