Country The troubles of well-known industrialist Anil Ambani are not showing signs of diminishing. The Central Bureau of Investigation (CBI) has registered a case against veteran businessman Anil Ambani under sections 420 and 120BB of the IPC. CBI has registered a case against Anil Ambani on the basis of the complaint of Punjab National Bank (PNB) Chief Manager Santosh Krishna Annavarapu. According to the FIR registered by CBI, between 2013 and 2017, Anil Ambani, along with the then officials of his company Reliance Communications, committed a fraud of Rs 1085 crore with Punjab National Bank.
What allegations did Punjab National Bank make in its complaint?
The bank said in its complaint that PNB suffered a loss of Rs 621.39 crore and United Bank of India suffered a loss of Rs 463.80 crore in this fraud. Let us tell you that United Bank of India was merged with Punjab National Bank in the year 2020. The government bank alleges that Reliance Communications took a loan of Rs 1085 crore with the intention of not returning it.
Company accused of deliberately diverting funds elsewhere
Punjab National Bank has also alleged that the company deliberately diverted the funds taken from the bank elsewhere. It is alleged that the accused not only committed fraud by misusing bank money but also committed criminal breach of trust. Anil Ambani, Reliance Communications and Manjari Ashok Kakar and some others have also been made accused in the FIR lodged by the CBI. According to the complaint, the company later declared these loan accounts as non-performing assets (NPA) in the year 2017 because the borrowing company was not successful in maintaining financial discipline and also violated the loan terms.
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