SBI classifies Anil Ambani, his firm Reliance Communications as 'fraud', to approach CBI
State Bank of India (SBI) has classified Anil Ambani and his firm Reliance Communications as 'fraud' and is in the process of lodging a complaint with CBI, MoS for Finance Pankaj Chaudhary said. The company is undergoing insolvency resolution, the plan for which is awaiting NCLT's approval. SBI's exposure in Reliance Communications includes ₹2,227.64-crore fund-based principal outstanding.