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Politics News

The Times of India

Politics / The Times of India

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CBI files fresh FIR against Anil, RCom on LIC complaint alleging 3.7k cr loss

The CBI has filed a new case against Anil Ambani and Reliance Communications, along with bank officials, following an LIC complaint. Allegations suggest LIC was misled into investing Rs 4,500 crore in Non-Convertible Debentures based on false financial representations. A forensic audit revealed alleged misuse of funds, including siphoning through subsidiaries and fictitious transactions, causing a Rs 3,750 crore loss.

2 Apr 2026 7:47 am