Anil Ambani's Company Caught in Fraud; Fake Bank Guarantee Exposed for Tender

Unearthing the Deception

In a shocking turn of events, Anil Ambani's company, Reliance Infrastructure Limited (RInfra), has been accused of submitting a fake bank guarantee to secure a tender. The alleged fraud came to light during the bidding process for a project by the Navi Mumbai Municipal Corporation (NMMC).

Sources close to the investigation revealed that RInfra had submitted a bank guarantee from a private bank to secure a contract worth Rs. 597 crore. However, upon verification, it was discovered that the bank guarantee was forged.

Implications for RInfra

This revelation has severe implications for RInfra. The company could face legal action, including charges of fraud and forgery. Additionally, the incident has damaged the company's reputation, which could impact future business prospects.

NMMC's Response

NMMC has taken immediate action in response to the allegations. The civic body has disqualified RInfra from the tender process and has initiated an internal inquiry. The NMMC is also cooperating with the police investigation.

Authority and Source

The information presented in this article is based on credible sources, including reports from reputable news organizations and statements from NMMC officials. The allegations against RInfra are currently under investigation, and the outcome remains uncertain.