RBI probes Reliance Communications over a Rs 400 crore car loan non-repayment, citing fund diversion. ED investigates a Rs 2,929 crore loan fraud. CBI also filed FIR. Anil Ambani group companies under scrutiny.
SBI reversed RCom's 'scam' tag following a High Court order. Accusations against others were dropped after RBI guidelines. Anil Ambani's lawyers cite outdated notices and insufficient forensic audit access.
The joint venture, approved by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) in April and June this year, authorizes Orbit Connect to operate satellites over India.
