Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda

After SBI & BoI, Bank of Baroda declares RCom, Anil Ambani as fraud

Bank of Baroda classifies RCom loan as fraud, implicating Anil Ambani, amid ongoing insolvency proceedings.

BoB classifies Anil Ambani, Rcom as fraud

The classification follows a Show Cause Notice (SCN) issued by Bank of Baroda, citing findings from a forensic audit report prepared by BDO India

Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda

In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.

Anil Ambani and Reliance Communications’ Loan Accounts Declared As ‘Fraud’ by Bank of Baroda | 📰 LatestLY

In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing. 📰 Anil Ambani and Reliance Communications’ Loan Accounts Declared As ‘Fraud’ by Bank of Baroda.

Reliance Power Clarifies Independence from RCom Fraud Case

Reliance Power states independence from Bank of Baroda’s fraud classification of RCom, assuring no connection to the telecom firm’s financial issues.

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda - OrissaPOST

New Delhi: Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing. This classification pertains to loans taken before RCom entered the corporate insolvency resolution process (CIRP), the exchange filing told on Thursday. This development marks a crucial turn in the ongoing financial saga …