https://www.taxtmi.com/news?id=48296 SBI classified the pre CIRP loan account of Reliance Communications as fraud, naming the erstwhile director and reporting to the RBI after its Fraud Identification Committee found unexplained diversion of funds, related party transfers, inter corporate deposits and intraday cycling of funds; RBI guidelines require prompt reporting, law enforcement referral, and impose debarment and restrictions on restructuring for fraud accounts, while the loans must be addressed in any IBC resolution plan or liquidation. en-us Wed, 02 Jul 2025 20:16:03 +0530 Wed, 02 Jul 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48296 SBI classified the pre CIRP loan account of Reliance Communications as fraud, naming the erstwhile director and reporting to the RBI after its Fraud Identification Committee found unexplained diversion of funds, related party transfers, inter corporate deposits and intraday cycling of funds; RBI guidelines require prompt reporting, law enforcement referral, and impose debarment and restrictions on restructuring for fraud accounts, while the loans must be addressed in any IBC resolution plan or liquidation. News - Wed, 02 Jul 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=48296