SBI flags Rcom a/c as fraud; to send Ambani’s name to RBI
- Posted on July 2, 2025
- By Financial Express
- 1 Views
SBI flags Rcom a/c as fraud; to send Ambani’s name to RBI
State Bank of India has labelled Reliance Communications' loan account as “fraud” after a forensic audit, citing fund diversion. Former director Anil Ambani may face personal liability. While RCom is under insolvency, legal battles loom amid regulatory scrutiny and pending resolution approval.
