Bank of India classifies Reliance Communications' loan as fraudulent, alleging fund diversion by Anil Ambani in 2016.

The bank has alleged diversion of funds and violation of loan terms. According to a company stock exchange filing, RCom ...

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as ...

Mumbai: Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of ...

A spokesperson for Anil Ambani said he “strongly denied all allegations and charges” and that he “will duly defend himself”.

Bank of India has classified the loan account of Reliance Communications and its former director, Anil Ambani, as fraudulent following alleged fund misappropriation in 2016.

India’s central investigative agency, the Central Bureau of Investigation (CBI), has registered a criminal case against ...

The State Bank of India (SBI) alleged Anil Ambani and his former telecoms firm Reliance Communications “misappropriated” bank ...

Top businessman Anil Ambani's spokesperson has said that the Reliance Group chief strongly denies the allegations leveled in ...