New Delhi, Mar 8: The Central Bureau of Investigation (CBI) has registered an FIR against industrialist Anil Ambani, his firm Reliance Communications Limited (RCom) and former director Manjari Ashok Kacker in connection with an alleged bank fraud case involving more than ₹1,085 crore, officials said.
As per news agency Kashmir News Corner — KNC, the case was registered on March 5 following a complaint filed by Punjab National Bank (PNB) through its Stressed Assets Management Branch in Mumbai.
The complaint alleges that between 2013 and 2017, the accused conspired to obtain credit facilities from PNB and United Bank of India (now merged with PNB) and later allegedly diverted and misused the loan funds, causing a loss of about ₹1,085.19 crore to the banks.
Investigators said the alleged loss includes ₹621.39 crore to PNB and ₹463.80 crore to United Bank of India. The loan accounts were later declared non-performing assets in 2017 after the borrower allegedly failed to adhere to financial discipline and loan conditions.
The bank further informed that the account was declared fraudulent in February 2021 following a forensic audit conducted by BDO India LLP, which reportedly found instances of diversion of funds and transactions with related parties.
The CBI has registered the case under Sections 120B (criminal conspiracy) and 420 (cheating) of the IPC, along with provisions of the Prevention of Corruption Act, against the accused and some unknown public servants. Investigation is underway. (KNC)
