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After SBI, BoI, Bank of Baroda declares RCom, Anil Ambani as fraud
Orissa POST
|September 06, 2025
After State Bank of India and Bank of India, another lender Bank of Baroda has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged misutilisation of loans granted more than a decade back, according to aregulatory filing.
RCom said it has received a letter from BoB dated September 2 conveying its decision to classify the loan account of the company and promoter Anil Ambani as "fraud".
Dit verhaal komt uit de September 06, 2025-editie van Orissa POST.
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