CBI Registers FIR Against Reliance Capital And Anil Ambani On LIC’s Complaint Alleging Rs 2,684 Crore Wrongful Loss; Ambani Denies Any Wrongdoing

The CBI has registered an FIR on a complaint by the Life Insurance Corporation of India against Reliance Capital, its former chairman Anil Ambani, former group managing director Satish Seth and others, over an alleged wrongful loss of Rs 2,684.57 crore on LIC’s investment in the company’s debentures. A spokesperson for Anil Ambani has denied any wrongdoing. The allegations are untested.

CBI Alleges Rana Kapoor’s ‘Unilateral Decision’ Cost Yes Bank Over Rs 2,700 Crore in Deals with Anil Ambani Firms

The CBI claims Yes Bank lost more than Rs 2,700 crore after Rana Kapoor invested heavily in Anil Ambani-led companies. The charge sheet accuses both of criminal conspiracy, cheating, and corruption.