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SBI&nbsp;is looking to&nbsp;pull away the fraud tag from Anil&nbsp;Ambani's&nbsp;Reliance Infratel&nbsp;in a bid to push the resolution and sale to Jio&nbsp;forward.&nbsp;
Reports indicated that SBI&nbsp;rushed the affidavit to the courts as Jio&nbsp;moved the bankruptcy court to seek forensic audit reports that had marked the accounts of Infratel and RCom as &ldquo;fraudulent&rdquo;.
Three banks&nbsp;SBI, Union Bank of India and Indian Overseas Bank in October 2020&nbsp;had backed a forensic audit that unearthed questionable transactions worth Rs 5,500 crore in the three Anil Ambani-led Reliance Group entities.The banks however now feel recovery from the account will be hit if the sale of asses to Jio&nbsp;fails and is paving the way for a quicker acquisition.&nbsp;

SBI gives breather to Anil Ambani, fraud tag to be removed from Infratel ahead of Jio deal

SBI&nbsp;is looking to&nbsp;pull away the fraud tag from Anil&nbsp;Ambani's&nbsp;Reliance Infratel&nbsp;in a bid to push the resolution and sale to Jio&nbsp;forward.&nbsp;

SBI gives breather to Anil Ambani, fraud tag to be removed 

SBI&nbsp;is looking to&nbsp;pull away the fraud tag from Anil&nbsp;Ambani's&nbsp;Reliance Infratel&nbsp;in a bid to push the resolution and sale to Jio&nbsp;forward.&nbsp;
Reports indicated that SBI&nbsp;rushed the affidavit to the courts as Jio&nbsp;moved the bankruptcy court to seek forensic audit reports that had marked the accounts of Infratel and RCom as &ldquo;fraudulent&rdquo;.
Three banks&nbsp;SBI, Union Bank of India and Indian Overseas Bank in October 2020&nbsp;had backed a forensic audit that unearthed questionable transactions worth Rs 5,500 crore in the three Anil Ambani-led Reliance Group entities. The banks however now feel recovery from the account will be hit if the sale of assets to Jio&nbsp;fails and is paving the way for a quicker acquisition.&nbsp;

reliance infratel

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