CBI reopens RCom, Anil Ambani loan saga, alleges Rs 2,220-crore Bank of Baroda fraud
The Central Bureau of Investigation (CBI) has registered a fresh case against industrialist Anil Ambani and Reliance Communications over allegations of cheating Bank of Baroda during the period between 2013 and 2017, officials said on Thursday, marking another escalation in a long-running scrutiny of the now-defunct telecom company’s borrowings and financial conduct. The case, registered by the CBI, alleges that the bank suffered a wrongful loss of more than Rs 2,220 crore due to purported misrepresentation and diversion of funds.
