In a significant development, Reliance Communications Limited (RCom) has informed the stock exchanges that the Central Bank of India has classified the company’s loan account as ‘fraud’, effective September 29, 2025. The alleged fraud amount is reported to be Rs. 357.68 crore. The disclosure was made by RCom through a regulatory filing dated October 08, 2025, following the receipt of a letter from the Central Bank of India. The bank’s letter, dated October 04, 2025, states that the decision was based on a forensic audit report which uncovered “grave anomalies” indicating the “perpetration of fraud”. Earlier, SBI and Bank of India have also classified the accounts of Reliance Communications as fraud.
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