After SBI, Bank of India tags Anil Ambani, RCom accounts as ‘fraud’ Mumbai, Aug 24 (SocialNews.XYZ) Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of India (BOI) has also classified the loan accounts of the company, its promoter Anil Ambani, and Reliance Telecom as fraudulent, the company informed stock exchanges on Sunday. The bank has alleged diversion of funds and violation of loan terms.

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