The CBI on Monday said it has arrested two senior executives of an Anil Ambani group company, Reliance Communications (RCOM) — Anil Kalya and D Vishwanath — in an alleged bank fraud case. The two executives were important functionaries of the Reliance Communications group, managing corporate finance, banking operations, payments/utilisation of funds, etc., the CBI has alleged in a statement issued on Monday.
The CBI said it has arrested them in a case registered on a complaint filed by the State Bank of India on allegations that the bank sanctioned credit facilities to the company but due to the accused borrowers’ “fraudulent” activities, the lender suffered a wrongful loss of around ₹2,929.05 crore.
In a statement, the company…