Brief by Shorts91 Newsdesk / 11:39am on 22 Jul 2025,Tuesday India
The Centre informed Lok Sabha that the CBI will probe Reliance Communications and Anil Ambani after State Bank of India (SBI) classified them as ‘fraud’ over unpaid dues worth ₹2,227 crore. SBI had initially marked the account as fraud in 2020, but a Delhi High Court stay delayed action. The classification was re-applied in 2025 after following RBI guidelines. SBI has reported the fraud to RBI and is proceeding with a formal complaint to CBI. RCom remains under insolvency proceedings at NCLT Mumbai. SBI has also filed a personal insolvency case against Ambani under the Insolvency and Bankruptcy Code. (PC: NDTV)
