Anil Ambani denies wrongdoing in CBI FIR over LIC loss
pre-market1 source ↓written by the desknot a recommendation
- to LIC
- $279.8 million loss
- invested in five
- $406.5 million
The CBI has filed a case regarding an alleged $279.8 million loss to LIC, linked to $406.5 million invested in five RCAP non-convertible debentures. LIC claims the funds were obtained through misrepresentation and later fraudulently diverted. Anil Ambani has denied any wrongdoing, asserting that the case pertains to Reliance Capital Limited.
Not investment advice. For informational purposes only.