Industrialist Anil Ambani appeared before the CBI for questioning in a major loan fraud case linked to SBI and Reliance Communications. The probe focuses on alleged diversion and misuse of bank funds as scrutiny intensifies.
Anil Ambani has approached the Supreme Court challenging the Bombay High Court’s order that upheld SBI’s decision to label RCom and its promoter as “fraud.” The appeal questions SBI’s process and Ambani’s liability as a “person in control” of the company.
