Anil Ambani hits back at SBI, cites lack of response from the bank

Anil Ambani’s lawyers have responded to the allegations of fraud by the State Bank of India. A statement by Ambani’s lawyer says that SBI’s statement comes after a year of the bank not responding to the last communication by Ambani.

The statement claims that Ambani repeatedly requested copies of all documents from the State Bank upon receiving the show cause notices; however, the bank has provided an incomplete forensic audit report. Further, the statement says that the bank has failed to provide the underlying documents, which are the basis of the forensic audit report.