Posted inIndia

Banks accuse 3 Anil Ambani firms of fraud

After facing pressure from Chinese banks, embattled tycoon Anil Ambani is now getting heat from Indian banks over bad loans. While his Reliance Communications is undergoing bankruptcy proceedings, State Bank of India, India’s biggest bank, and Union Bank of India and Indian Overseas Bank have declared that the accounts held by the telecom company and […]

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