SBI flags Anil Ambani's RCom loan a/c as fraud

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SBI has classified Reliance Communications' loan account as fraudulent, implicating former director Anil Ambani and planning to report him to the RBI. This action, stemming from a 2020 forensic audit, triggers legal challenges amidst RCom's insolvency proceedings. Allegations include significant fund diversions to connected parties, prompting accusations of unfair targeting against Ambani.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/KXZcF9q

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