After SBI and BoI, BoB classifies RCom, Anil Ambani a/c as fraud

Bank of Baroda has declared Reliance Communications and Anil Ambani's loan accounts as 'fraud' after SBI and Bank of India took similar actions. A forensic audit by BDO India LLP revealed significant irregularities, including misuse of funds and unauthorized related-party transactions. The audit highlighted concerns about fund diversion and questionable financial practices.

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