Anil Ambani’s Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCom and Ambani as “fraudulent” under RBI norms and plans to approach the CBI. Canara Bank was also defrauded of over ₹1,050 crore. Authorities are probing undisclosed foreign bank accounts and overseas assets linked to the case.