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Mukesh Ambani

Bank of India has declared Reliance Communications’ ₹700 crore loan as fraudulent. Former director Anil Ambani was named in the fraud case over alleged fund diversion. SBI had earlier filed a ₹2,929 crore complaint, prompting CBI raids on Ambani.

After SBI, Bank of India tags RCom, Anil Ambani as fraud

Ashish kumar

According to a regulatory statement, Bank of India, following the State Bank of India, designated the loan account of...