CBI Registers FIR Against Reliance Capital, Anil Ambani Over Alleged ₹2,684.57 Crore LIC Investment Fraud Case
Mumbai: The Central Bureau of Investigation (CBI) has registered an FIR on the basis of a written complaint received from Life Insurance Corporation of India (LIC) against M/s Reliance Capital Limited (RCAP), Mumbai, Anil D. Ambani, former Chairman of RCAP, Satish Seth, Group Managing Director of Reliance Anil Dhirubhai Ambani Group (ADA Group), unknown public servants and others. LIC alleges…
The Central Bureau of Investigation (CBI) has registered a First Information Report (FIR) against Reliance Capital Limited (RCAP) and several individuals, including former Chairman Anil D. Ambani, over allegations of a ₹2,684.57 crore investment fraud involving Life Insurance Corporation of India (LIC). According to LIC, the accused individuals entered into a criminal conspiracy, committing offences such as cheating, criminal breach of trust, and falsification of accounts.
The investigation will examine the alleged role of all involved parties, including public servants, and trace the end-use and diversion of invested funds. Anil Ambani, who served as a non-executive director and chairman of RCAP until November 2021, denies any wrongdoing and reserves his legal rights.
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