Reliance Dhirubhai Ambani Group Chairman Anil Ambani on Friday said he is being “selectively targeted” in a staggered manner by select banks, a day after Bank of Baroda declared him and the loan accounts of insolvent Reliance Communications Ltd. as “fraud”.
In a statement, a spokesperson for Ambani said he was not an Executive Director or a key managerial person of RCom, and had no role in the day-to-day operations or decision-making of the company, citing the matter pertains to 2013.
“It is pertinent to note that Mr. Anil D. Ambani served only as a Non-Executive Director on the Board of RCom from inception in 2006 until his resignation from the Board in 2019… After an inordinate lapse of more than 10 years, select lenders have now…