New Delhi, July 2 -- Anil Ambani on Wednesday claimed that State Bank of India (SBI) slapped 'fraud' tag on the loan account of a bankrupt Reliance Communications Ltd (RCom), which is currently undergoing liquidation, without providing a basis for its decision or giving him a personal hearing.

The beleaguered telecom operator informed the exchanges on Tuesday that SBI had decided to classify the company's loan account as "fraud" and to report the name of its former director-Anil Ambani-to the Reserve Bank of India (RBI). According to the filing, SBI wrote to RCom informing the company that it had classified its loan account as 'fraud.'

In a five-page letter, Ambani's legal counsel said SBI's order was passed ex parte, disregarding Supre...