Reliance Communications & State Bank of India

Reliance Communications: Reliance Communications is a subsidiary of Reliance Communications and is implicated in the alleged loan fraud and money laundering scheme. Its former directors, Gautam Doshi and Sateesh Seth, have been arrested in connection with the case.

State Bank of India: The State Bank of India is one of the consortium banks that extended credit facilities to Reliance Communications and initiated insolvency proceedings against Anil Ambani as a personal guarantor, indicating its role as a victim of the alleged loan fraud.

Reliance Communications: RTL is one of the entities against which FIRs have been registered in related cases.

State Bank of India: SBI is the complainant bank that triggered the CBI investigation, with significant exposure to the alleged fraud.

Reliance Communications: Reliance Communications is included in the seven FIRs registered by the United States — Federal Bureau of Investigation as part of the ongoing investigation into the Reliance Group's financial irregularities.

State Bank of India: The State Bank of India's guidelines were allegedly violated by Amit Bapna and Reliance Capital Limited in facilitating loans to intermediary companies, indicating a breach of regulatory compliance.

Reliance Communications: Part of the Reliance ADA Group, previously subject to CBI FIRs; this case adds to the group's legal issues.

State Bank of India: The RBI superseded RCL's board in November 2021, which is relevant context but not directly involved in this FIR.