🕵️♂️ SBI Labels Anil Ambani & RCom as ‘Fraud’, Heads to CBI 🚨
Another twist in the Ambani-RCom drama! SBI has again tagged Anil Ambani and Reliance Communications (RCom) as ‘fraud’ and plans to file a CBI complaint. This comes after years of unpaid loans and delayed insolvency proceedings. The bank’s exposure? A whopping ₹3,000+ crore!
Here’s the scoop:
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SBI marked Anil Ambani & RCom as fraud on June 13, 2025
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Will now file a formal complaint with CBI
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RCom’s insolvency case has been stuck at NCLT since 2020
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SBI had earlier tagged them as fraud in 2020 but withdrew after court order
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Now reclassified under updated RBI rules from July 2024
👉 Why this matters: Big names can’t dodge financial accountability forever. It shows India’s banking system is finally getting serious about high-profile defaults.
🔗 Source: India Today
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