Overview
- The CBI, which registered the FIR on Wednesday, named Reliance Communications, Anil Ambani and unknown public servants in a case alleging criminal conspiracy, cheating and criminal breach of trust under anti-corruption laws.
- LIC says it invested Rs 4,500 crore in secured non-convertible debentures—long‑term corporate bonds—from 2009 to 2012, and about Rs 3,750 crore remains unpaid.
- A 2020 BDO India forensic audit cited by the complaint reported diversion of funds through subsidiaries, fictitious bill discounting and overstated collateral, noting lender charges of Rs 49,111 crore against assets of Rs 26,163 crore.
- RCom’s borrowings slipped into default in May 2017 and were classified as non‑performing in August that year, and LIC says repeated demands have not recovered the dues.
- This filing is the fourth CBI case tied to the group since 2025, following bank complaints and March questioning of Ambani, and the probe continues with no court finding on the allegations.