Reliance Communications

RCOM loan fraud: Anil Ambani files affidavit in SC; reiterates not to leave country

ED attaches Anil Ambani's Rs 3,716 crore house in Mumbai

The Enforcement Directorate has provisionally attached Anil Ambani's Pali Hill residence 'Abode', valued at Rs 3,716.83 crore, under the PMLA. Earlier, properties worth Rs 473.17 crore were also attached.

9 hours ago

RCOM loan fraud: Anil Ambani files affidavit in SC; reiterates not to leave country

RCOM loan fraud: Anil Ambani files affidavit in SC; reiterates not to leave country

In the affidavit, Ambani stated he has not travelled abroad since July 2025 and has no plans to do so. He assured full cooperation with the ED and CBI for the investigation under the Prevention of Money Laundering Act. He said that he served only as a Non-Executive Director wand as not involved in daily operations.

6 days ago

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

SC pulls up ED, CBI over delay in Anil Ambani-led RCOM loan fraud probe

The Supreme Court has pulled up the Enforcement Directorate and the CBI over an unexplained delay in investigating alleged bank loan frauds linked to Anil Ambani-led Reliance Communications and group companies, involving public funds of around Rs 40,000 crore.

21 days ago

anil ambani

Bank 'fraud' by Anil Ambani-led RCOM: SC seeks sealed-cover reports from CBI, ED; issues fresh notice

The PIL alleges that over Rs 1.50 lakh crore in RCOM group debt was written off and describes the case as one of the largest bank loan frauds in the country. It claims funds were siphoned off through shell companies and that the CBI's FIR covers only a small portion of the alleged irregularities.

Jan 23, 2026

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

RCom, currently undergoing the CIRP under the Insolvency and Bankruptcy Code (IBC), 2016, has said that the loans in question relate to the period before its insolvency proceedings began. The company asserts that these loans must be resolved as part of a resolution plan or through liquidation under the IBC.

Sep 5, 2025

Anil Ambani to appear today before ED in Rs 17,000 crore loan fraud case

After SBI, Bank of India tags Anil Ambani, RCom accounts as 'fraud'

The bank has alleged diversion of funds and violation of loan terms. According to a company stock exchange filing, RCom received a letter dated August 8 from BOI on August 22. In its notice, BOI said the loan accounts of RCom, Anil Dhirajlal Ambani, and Manjari Ashik Kacker had been tagged as 'fraud' for an outstanding loan of Rs 724.78 crore.

Aug 24, 2025

Mukesh Ambani and Anil Ambani

Will Mukesh Ambani play protective big brother to Anil against Chinese banks?

Three Chinese banks have taken Anil Ambani to London court over $680 million default on loan to defunct Reliance Communications Ltd; Banks claim the embattled tycoon gave a personal guarantee to the loans

Nov 9, 2019

Ericsson

Ericsson may lose Rs 580 crore won from Anil Ambani-led Reliance Communications

The consortium of lenders took a decision to send a formal word to Ericsson in a recent meeting of RCom's committee of creditors and consortium of lenders led by the State Bank of India (SBI).

Jul 23, 2019

anil ambani

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Younger Ambani sibling hopes to raise Rs 21,700 crore to win 'war on debt' after liabilities almost landed him in jail, forcing elder brother Mukesh's intervention

Jul 13, 2019

Anil Ambani

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

Anil Ambani

Reliance Communications denies France waived taxes for Anil Ambani-led company

Reliance Communications rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities.

Apr 13, 2019

Ambani's brothers

Anil Ambani invokes 'family values' after elder brother Mukesh saves him from jail

On Monday, RCom paid the Swedish company Rs 4.6 billion, which also received an additional Rs 30 million from the Supreme Court's registry that the Anil Ambani-led firm had deposited as penalty interest.

Mar 19, 2019

Anil Ambani

The rise and fall of Anil Ambani: Here's how things became worse for world's 6th richest person

As per Forbes valuation, the younger son of industrialist Dhirubhai Ambani was listed as the world's sixth richest person in 2008. In just a decade, he is now struggling to save his reputation.

Mar 16, 2019

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Mukesh Ambani's e-commerce foray: Shoppers hope for high-volt Diwali fireworks

E-commerce industry relishes the prospect of intense competition with Reliance Retail's entry into the market space already lit up by the intense rivalry between Amazon and Flipkart.

Mar 7, 2019

Rcom

Ericsson files contempt plea against SBI chief over Rcom's Rs 550 cr dues - Report

Ericsson accuses SBI of not helping to retrieve the dues from RCom in its capacity as the lead banker during RCom's attempts to sell wireless assets to Reliance Jio.

Feb 6, 2019

Ambani's brothers

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Asset sale to Reliance Jio, which would have brought nearly Rs 18,000-crore to debt laden Rcom, floundered after creditors demanded payment ahead of the sale.

Feb 5, 2019

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

RCom shares plunge more than 50% after bankruptcy move

The Reliance Communications board has said it now looks at comprehensive debt resolution within the next 270 days.

Feb 4, 2019

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

Failing to pay debt, Anil Ambani led Reliance Communications files for insolvency

Now with RCom filing for insolvency, the company has become the latest telecom player after Aircel to do so.

Feb 2, 2019

Anil Ambani

Double setback for RCom, Anil Ambani in legal tangle with Ericsson

After Ericsson sought arrest and detention of Ambani,RCom said on Sunday the Swedish telecom gear maker was sensationalising the issue of dues recovery and setting off a media trial.

Jan 7, 2019

Reliance Communications

Ericsson seeks arrest and detention of Anil Ambani over Rs 550 crore dues

In early October, Reliance Communications had sought 60 more days for repayment of Rs 550 crore to Ericsson.

Jan 4, 2019

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