CBI files case against Reliance Communications and Anil Ambani
market hours1 source ↓written by the desknot a recommendation
The CBI has registered a fresh case against Reliance Communications and Anil Ambani for allegedly causing a loss of ₹3,750 cr to Life Insurance Corporation (LIC). The case involves charges of conspiracy, cheating, and misappropriation related to NCDs worth ₹4,500 cr subscribed by LIC between 2009 and 2012. This marks the fourth case against the company and Ambani, following a forensic audit ordered by LIC.
Not investment advice. For informational purposes only.