Ali Hasan
2021 met get rid of the pandemic but Anil Ambani won’t be able to get rid of his troubles. His troubles aren’t going away and it looks like they are here to stay or increase even further.
A few days ago, he was involved in a scam of more than Rs 86,000 crores as his 3 firms had to repay a lot of their dues to 3 banks. But, now SBI (which is the largest public bank in India) has declared accounts of his 3 Reliance Group firms a fraud.
SBI has informed the Delhi High Court that it has classified 3 bank accounts of Reliance Group as fraud. The Reliance Group consists of 3 companies which are as follows:-
- Reliance Communication
- Reliance Telecom
- Reliance Infratel
This case can land Anil Ambani in serious trouble as now the bank can seek a banking fraud investigation by the Central Bureau of Investigation (CBI). The High Court has asked the state-run lender to maintain status quo on the accounts of Anil Ambani’s firms.
A bank account is declared fraud after it turns into a non-profitable asset (NPA). The SBI informed the court that during audit, misappropriation, diversion and siphoning of funds came to light, after which they have classified the accounts as fraud.
As per the rule, once the bank has declared any account as fraud, the Reserve Bank of India (RBI) has to be informed in 7 days. A complaint also has to be filed before the CBI within 30 days of informing the RBI about the action if the amount is exceeds Rs 1 crore.
Sources said the total amount that the 3 firms of Anil Ambani owe to the banks is over Rs 49,000 crores, out of which Reliance Infratel has debt of Rs 12,000 crores and Reliance Telecom owns Rs 24,000 crores.
