https://www.taxtmi.com/news?id=53396 The CBI registered an FIR against Reliance Communication Ltd. and its director alleging criminal conspiracy, cheating and criminal breach of trust, and conducted court-authorised searches at corporate and residential premises. The complaint by the State Bank of India alleges misrepresentation to obtain credit, diversion and misutilisation of loan funds, inter-company routing, misuse of invoice financing and bill discounting, creation and write-off of fictitious debtors, and write-off of capital advances. The account's fraud classification and subsequent procedural steps and insolvency processes under the IBC are referenced, with related matters pending before the NCLT. en-us Sat, 23 Aug 2025 16:31:04 +0530 Sat, 23 Aug 2025 16:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53396 The CBI registered an FIR against Reliance Communication Ltd. and its director alleging criminal conspiracy, cheating and criminal breach of trust, and conducted court-authorised searches at corporate and residential premises. The complaint by the State Bank of India alleges misrepresentation to obtain credit, diversion and misutilisation of loan funds, inter-company routing, misuse of invoice financing and bill discounting, creation and write-off of fictitious debtors, and write-off of capital advances. The account's fraud classification and subsequent procedural steps and insolvency processes under the IBC are referenced, with related matters pending before the NCLT. News - Sat, 23 Aug 2025 16:31:04 +0530 https://www.taxtmi.com/news?id=53396