<ul data-eligibleForWebStory="false"><li>Anil Ambani's legal team has responded to SBI's classification of the Reliance Communications loan account as 'fraud,' calling for withdrawal.</li><li>The legal team emphasized that Ambani was serving as a non-executive director at the time of the alleged transactions and had no involvement in the company's operations.</li><li>Concerns were raised over due process, with allegations that SBI did not provide Ambani with a personal hearing or relevant documents regarding the fraud classification.</li><li>SBI marked RCom's loan account as 'fraud' based on transactions dating back to August 2016, leading to the potential reporting of Ambani to the Reserve Bank of India.</li></ul>

Anil Ambani Responds To SBI's Fraud Tag On Reliance Communications' Loan Account, Calls For Withdrawal

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