The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Ltd (RCAP), its former chairman Anil Ambani, and others for alleged financial irregularities causing a ₹2,684.57 crore loss to the Life Insurance Corporation of India (LIC).
The FIR also includes Satish Seth, then group managing director of the Reliance Anil Dhirubhai Ambani Group, along with unknown public servants and others.
The investigation targets alleged misconduct related to securities-lending transactions, financial decisions, and other transactions that purportedly damaged LIC’s interests.
The CBI is reviewing relevant documents and financial records to assess the scope of the irregularities and the involvement of those named. This new FIR intensifies the ongoing scrutiny of Reliance Capital and its promoters over alleged financial mismanagement and irregularities. The probe remains in its early stages, with allegations pending further investigation and legal processes.
