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

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

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

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

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

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.