Anil Ambani and Reliance Communications’ loan accounts declared ‘fraud’ by Bank of Baroda
Bank of Baroda has declared the loan accounts of insolvent Reliance Communications Ltd. and Anil Ambani as “fraud”, informed the company through a late exchange filing on Thursday.
“Reliance Communications Limited has received the aforementioned letter dated September 02, 2025 stating that Bank of Baroda has decided to classify the loan accounts of the company and promoter Anil Ambani as ‘Fraud’.” said the company.
