After SBI and BoI, BoB classifies RCom, Anil Ambani a/c as fraud
Bank of Baroda has declared Reliance Communications and Anil Ambani's loan accounts as 'fraud' after SBI and Bank of India took similar actions. A forensic audit by BDO India LLP revealed significant irregularities, including misuse of funds and unauthorized related-party transactions. The audit highlighted concerns about fund diversion and questionable financial practices.
Bank of Baroda has declared Reliance Communications and Anil Ambani's loan accounts as 'fraud' after SBI and Bank of India took similar actions. A forensic audit by BDO India LLP revealed significant irregularities, including misuse of funds and unauthorized related-party transactions. The audit highlighted concerns about fund diversion and questionable financial practices. What's Your Reaction?
