After the Disclosure of Fraud Cases against Anil Ambani’s Companies, Netizens demanding for justice
The accounts of three Anil Ambani-led Reliance Group entities have reportedly been flagged as fraudulent by three banks, a media report says.
In the midst of Reliance Communications’ bankruptcy resolution process, three Indian banks – the State Bank of India (SBI), Union Bank of India (UBI), and the Indian Overseas Bank (IOB) — are classifying the company’s accounts and the accounts of its units as fraudulent.
According to this media report, the three Anil Ambani-led Reliance Group entities are Reliance Communications, Reliance Infratel, and Reliance Telecom takes lend of ₹86,188 crores.
This is ten times more than the debt garnered by former billionaires Vijay Mallya and Nirav Modi.
On the other hand, after the publication of the fraud case against Anil Ambani’s companies, netizens have started shouting for justice through social media.
One of them, Anil Swarup, Founder Chairman, Nexus of Good Foundation, has tweeted, “If this is true, it is extremely serious. Action needs to be taken forthwith lest he too flies to London.”
https://twitter.com/swarup58/status/1344138899522646016
Prashant Bhushan, Public Interest Lawyer, and Activist have tweeted, “The accounts of 3 Anil Ambani-led Reliance Group entities have reportedly been flagged as fraudulent by three banks, including India’s largest lender, SBI. RCom, Reliance Infratel & Reliance Telecom owe lenders 86,188 Cr.” Yet no action by our watchman!”
"The accounts of 3 Anil Ambani-led Reliance Group entities have reportedly been flagged as fraudulent by three banks, including India’s largest lender, SBI. RCom, Reliance Infratel & Reliance Telecom owe lenders 86,188 Cr." Yet no action by our watchman!https://t.co/SMU5yDX2l1
— Prashant Bhushan (@pbhushan1) December 30, 2020
However, the Delhi High Court has directed Union Bank of India and Indian Overseas Bank to maintain the status quo in a matter pertaining to the classification of accounts as fraudulent until the next hearing on January 13.
SBI and the Reliance Anil Dhirubhai Ambani Group declined to comment on the issue.
