India, Sept. 5 -- Anil Ambani has claimed that he is being "selectively targeted" by banks, after Bank of Baroda declared him and the loan accounts of the insolvent Reliance Communications Ltd. as "fraud".

Ambani served only as a non-executive director of Reliance Communications from inception of the company in 2006 until his resignation from the board in 2019, said a spokesperson for the former billionaire in a statement on Friday. He never served the company in an executive capacity, nor he was ever a key managerial personnel, the statement said.

"He had no role whatsoever in the day-to-day operations or decision-making of the company (Reliance Communications)," according to the statement.

On Thursday (4 September 2025), Reliance Com...