CBI files fresh FIR against Anil, RCom on LIC complaint alleging 3.7k cr loss | India News


CBI files fresh FIR against Anil, RCom on LIC complaint alleging 3.7k cr loss

NEW DELHI: The Central Bureau of Investigation (CBI) has filed a fresh FIR against Anil Ambani and Reliance Communications, besides some yet-to-be-identified bank officials, on an LIC complaint alleging wrongful loss of Rs 3,750 crore.The case was registered on April 1 for offences of conspiracy, cheating, misappropriation and offences under the Prevention of Corruption Act.“It has been alleged that the LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs 4,500 crore based on false representations made by M/s Reliance Communications Ltd and its management regarding the financial health of the company, and security and asset cover offered to LIC while subscribing to NCDs,” the CBI said in a statement.LIC and CBI claimed that they filed a complaint on the basis of a forensic audit report dated October 15, 2020, which alleged that RCOM and its management had resorted to the misuse of funds raised from banks and financial institutions and routed funds through subsidiaries.It also claimed misuse of sale invoice financing, discounting of fictitious bills, systematic siphoning of funds through inter-company deposits/shell related entities, creating and writing off of fictitious debtors and receivables and gross overstatement of security.This is the fourth FIR against Anil Ambani by the CBI. It had earlier registered three cases against him and Reliance Communications.



Source link

  • Related Posts

    ‘Students are the Future,’ says CJP Founder Abhijeet Dipke on Government Targeting Protesters | India News

    CJP protest in New Delhi (PTI image) NEW DELHI: Cockroach Janta Party (CJP) founder Abhijeet Dipke on Wednesday urged the government to stop targeting students who participated in the nationwide…

    Rahul Gandhi’s ‘advice’ to PM Modi, and 3 guarantees to students over police action on protesters | India News

    NEW DELHI: Congress leader Rahul Gandhi on Wednesday accused the Centre of denying him an opportunity to speak in the Lok Sabha because he held Union home minister Amit Shah…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    “You have to sacrifice loved ones for a long period”: How LeBron James sacrificed comfort, time and family to become one of basketball’s greatest players | NBA News

    “You have to sacrifice loved ones for a long period”: How LeBron James sacrificed comfort, time and family to become one of basketball’s greatest players | NBA News

    Duleep Trophy 2026: Vaibhav Sooryavanshi named East Zone vice-captain led by Ishan Kishan | Cricket News

    Duleep Trophy 2026: Vaibhav Sooryavanshi named East Zone vice-captain led by Ishan Kishan | Cricket News

    CJP protest: Delhi Police refutes claim that woman protester sustained gunshot injury | India News

    CJP protest: Delhi Police refutes claim that woman protester sustained gunshot injury | India News

    ‘Students are the Future,’ says CJP Founder Abhijeet Dipke on Government Targeting Protesters | India News

    ‘Students are the Future,’ says CJP Founder Abhijeet Dipke on Government Targeting Protesters | India News

    World Cup final referee Slavko Vinčić makes major career decision one week after Spain-Argentina final | Football News

    World Cup final referee Slavko Vinčić makes major career decision one week after Spain-Argentina final | Football News

    Rahul Gandhi’s remarks on student protests trigger Parliament showdown: What happened next | India News

    Rahul Gandhi’s remarks on student protests trigger Parliament showdown: What happened next | India News