CBI registers fresh case against Reliance Capital, Anil Ambani

The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani and others, alleging that they caused a loss of ₹2,684.57 crore to the Life Insurance Corporation of India (LIC).

The first information report (FIR) also names Satish Seth as the then group managing director of Reliance Anil Dhirubhai Ambani Group, besides unknown public servants and others.

In its complaint, the LIC said that from April 12, 2012, to March 9, 2018, it subscribed to five non-convertible debentures (NCDs) aggregating ₹3,900 crore issued by RCAP for general corporate purposes, funding requirements, and refinancing of existing debt.