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 Anil Ambani's lawyers cite outdated notices and insufficient forensic audit access.
SBI reversed its 'fraud' tag on RCom, then re-initiated fraud recognition due to diversion of funds and misutilisation. RCom is undergoing insolvency resolution since 2019.
