According to the FIR, Ambani and former officials of Reliance Communications allegedly defrauded PNB of ₹1,085 crore between 2013 and 2017.
‘Can’t order Anil Ambani's arrest just to sensationalise case’: SC draws a line, adjourns hearing in RCOM bank loan fraud case
The Central Bureau of Investigation has registered a case against Anil Ambani under Sections 420 and 120B of the IPC based on a complaint by Punjab National Bank Chief Manager Santoshkrishna Annavarpu.
According to the FIR, Ambani and former officials of Reliance Communications allegedly defrauded PNB of ₹1,085 crore between 2013 and 2017.
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The bank has alleged that the company took the loan with no intention of repayment and deliberately diverted the funds, amounting to fraud and criminal breach of trust.
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The FIR names Reliance Communications, Anil Ambani, Majari Kacker, and other unidentified persons.
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