CBI arrests two RCOM senior executives in bank fraud case
Indian Express·3d ago·Neutral
What Happened
CBI arrested Joint President D Vishwanath and Vice President Anil Kalya of Reliance Communications in a bank fraud case involving Rs 19,694 crore exposure across 17 public sector banks. The agency alleges fraudulent diversion of loan funds through shell entities and bogus transactions. SBI alone suffered Rs 2,929 crore losses. Both executives allegedly directed the misuse of funds and coordinated with banks for facility sanctions.
Key Entities
CBIReliance CommunicationsD VishwanathAnil KalyaSBIAnil AmbaniRs 19,694 croreRs 2,929 crore