CBI Registers New Bank Loan Fraud Case Against RCom and Anil Ambani

The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Communications Limited (RCom), its former directors including Anil Ambani, and others for an alleged 1,085-crore bank loan fraud involving Punjab National Bank and United Bank of India. The Enforcement Directorate (ED) investigation revealed that assets, including the Pali Hill property, were transferred to a family trust to shield them from liabilities linked to non-performing loans. This is the third CBI case against RCom related to alleged financial irregularities and fund diversion.