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The CBI has launched a massive raid on Anil Ambani Group companies in connection with the Rs 27,000 crore fraud case. Simultaneous inspections were conducted in many cities of the country, including Bangalore, and important documents regarding financial irregularities are being examined. This case has created a stir across the country.
Three banks in their appeal said the forensic audit, which led to accounts being classified as "fraud", was legally valid and based on serious findings of fund siphoning and misutilisation
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