Anil Ambani Rcom

ED attaches ₹1,452 crore fresh assets linked to Anil Ambani Reliance group

The ED said RCom and its group companies availed loans from multiple domestic and overseas lenders between 2010 and 2012, with outstanding dues now at ₹40,185 crore and several accounts declared fraud

Bank of Baroda classifies RCom, Anil Ambani loan accounts as 'fraud'

The move follows similar actions by the State Bank of India and Bank of India, which flagged RCom loans citing diversion of funds in 2016

Reliance Comm, Power, Infra hit 5% lower circuit as CBI books Anil Ambani

Anil Ambani's firm's stocks plunged as the CBI filed a case and carried out searches after a fraud complaint from the State Bank of India

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in October 2016 was invested in a fixed deposit, which was not permitted as per the sanction letter, according to the bank's letter that RCom disclosed in a stock exchange filing. RCom said that it has on August 22 received a letter from Bank of India dated August 8 stating the bank's decision "to classify the loan accounts of the company, Anil Dhirajlal Ambani (promoter and erstwhile director of the company), and Manjari Ashok Kacker (erstwhile director of the company), as Fraud". Previously, State Bank of India

CBI books Anil Ambani's RCom for ₹2,000 cr bank fraud, searches premises

The CBI has filed a case against Reliance Communications and searched its premises on Saturday in connection with an alleged bank fraud that caused a loss of over Rs 2,000 crore to the State Bank of India, officials said. The agency is conducting searches at the premises linked to RCOM and its Promoter Director Anil Ambani, they said. The entities were classified as fraud on June 13 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary had said in a written reply in the Lok Sabha last month. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he had said. More details are awaited.

SBI classifies RCom, Anil Ambani as 'fraud'; to lodge complaint with CBI

State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday. The entities were classified as fraud on June 13, 2025 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he said. Further, on July 1, 2025, as part of disclosure compliance, Resolution Professional of RCom informed the Bombay Stock Exchange regarding fraud classification by the bank. The credit exposure of SBI in RCom includes, fund-based principal outstanding amount of Rs 2,227.64 crore along with the accrued interest and expenses with effect from August 26, .

SC on Bihar Rolls, Hasina Indicted, Amazon Delhi Launch, Ambani Relief & More | Top #newsinamin

The Supreme Court on Thursday refused to halt the Special Intensive Revision of electoral rolls in Bihar but questioned its timing of being done just months ahead of Assembly elections.

SBI to label RCom loan account as 'fraud', names Anil Ambani in RBI report

State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect. SBI has decided to report the loan account of the company as 'fraud' and to report the name of Anil Ambani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines, it said. As per the RBI guidelines, after a bank classifies an account as 'fraud', the lender should then report the fraud to RBI within 21 days of detection and also report the case to CBI/Police. According to the filing, Reliance Communications and its subsidiaries received a total loan of Rs 31,580 crore f

Anant-Radhika pre-wedding: Rihanna's 'massive' 12-foot luggage in Jamnagar

The pre-wedding functions of Anant Ambani and Radhika Merchant began from Friday, 1 March and will go on till 3 March. Ceremony will mark the presence of big stars including pop icon Rihanna

Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial

With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player

RCom loans: Anil Ambani claims no personal guarantee given to Chinese banks

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said

From riches to rags: Anil Ambani pleads poverty, says his net worth is zero

The 60-year-old is the brother of Mukesh Ambani, who's worth $56.5 billion and is the wealthiest man in Asia

SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC

The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers

Reliance, Bharti Airtel, 2 others bid for 3 Anil Ambani group companies

11 offers submitted for RCom, Reliance Telecom and Reliance Infratel

After resignations of Anil Ambani, 4 others, RCom lenders to meet on Nov 20

Last week, Reliance Communications Chairman Anil Ambani along with four directors had resigned from the company, that is going through insolvency process

Anil Ambani, four others resign as Reliance Communications directors

Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom, said regulatory filing

RCom resolution professional seeks status quo on spectrum licences

The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT's reply by September 27. The matter will be heard next on September 30

NCLAT reserves order on admission of contempt plea against Anil Ambani

HSBC Daisy had moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel

NCLAT pulls up SBI-led lenders of RCom for giving a 'false impression'

SBI says lenders have first right over tax refund, RCom cannot saddle responsibility of paying Ericsson on banks