Bank of India Reports Ambani and Reliance Communications as Fraud
Bank of India has classified Reliance Communications’ loan account as fraudulent, following similar allegations by the State Bank of India (SBI) against Anil Ambani, based on fund diversion claims in 2016. The Bank of India had sanctioned a ₹700 crore loan in August 2016 for capital and operational expenses, but it was revealed that half…
ABHYUDAYA MITTAL