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BOI Classifies Loan Accounts of Reliance Comm as Fraud

The New Indian Express Vishakapatnam

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August 25, 2025

BANK of India has classified the loan accounts of Reliance Communications (RCOM), its subsidiary Reliance Telecom (RTL), and several former directors as "fraud."

- ENS ECONOMIC BUREAU @New Delhi

The move comes after a forensic audit pointed to fund diversion and other compliance lapses.

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