Anil Ambani strongly denied any involvement in Reliance Communications (RCom) after Bank of Baroda declared him a “fraud,” stating he has “no role whatsoever” in the company’s affairs.

The controversy has once again brought Reliance Communications under the spotlight, raising questions over past financial dealings and the liability of promoters.

The dispute erupted after Bank of Baroda categorized Reliance Communications and its promoters, including Anil Ambani, as “fraud” accounts. This decision has sparked a fresh round of debates over accountability in India’s corporate sector, especially in high-profile cases involving massive financial defaults.

Ambani, in his statement, emphasized that he had no active role or management control in the company during the period under question. He clarified that his name was being dragged into the matter without basis and asserted that legal measures would be pursued to protect his reputation.

RCom, once a telecom giant under the Reliance Group, has faced severe financial struggles over the years, including bankruptcy proceedings and mounting debts. The latest “fraud” tag by Bank of Baroda adds another chapter to its troubled history.

The issue has also stirred political and public discussions, as Anil Ambani’s financial troubles have often been contrasted with the business successes of his elder brother, Mukesh Ambani. Analysts believe the development could trigger prolonged legal battles and regulatory scrutiny.

With this denial, Anil Ambani has sought to distance himself from the allegations, while the banking sector and regulators continue to tighten their stance on bad loans and fraud classi

fications.