CBI Registers Another Case Against Reliance Communications, Anil Ambani & Others On LIC Of India Complaint
The CBI has registered a case against Reliance Communications, Anil Ambani, and others for allegedly causing a ₹3,750 crore loss to LIC. The agency claims LIC was misled into investing ₹4,500 crore in NCDs through false financial claims. A forensic audit flagged fund diversion, fictitious transactions, and inflated assets. Investigation is underway.