The Bombay High Court dismissed Anil Ambani’s plea challenging SBI’s decision to classify his loan account as fraudulent. The Court upheld SBI’s action, confirming it followed RBI guidelines.
![[SBI Fraud Case] CBI Arrested Alleged Bank Fraudster "Dead" For 20 years living in Sadhu's Disguise](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/image-17-2.png?resize=447%2C367&ssl=1)
The CBI arrested V. Chalapathi Rao, a proclaimed offender in a bank fraud case, after 20 years of absconding. Rao had evaded arrest by changing his identity and locations, living under disguises and obtaining multiple Aadhaar cards. He fled to several places in India and was finally apprehended in Tamil Nadu.
