Anil Ambani

Supreme Court Scrutinizes Alleged ₹27,300 Crore Reliance Communications Fund Diversion

Business News Desk1 week ago03 mins mins

Legal Proceedings Unfold in Supreme Court The Supreme Court of India began hearings this week regarding the high-profile Reliance Communications case, centering on allegations by the Central Bureau of Investigation (CBI) that ₹27,300 crore in corporate funds were illicitly diverted. Representing industrialist Anil Ambani, legal counsel challenged the investigative methods employed by the agency, questioning…

Anil Ambani Faces Fresh CBI Case Over Alleged LIC Fraud

Business News Desk2 months ago2 months ago03 mins mins

The Central Bureau of Investigation (CBI) has registered a new case against Anil Ambani and Reliance Communications (RCOM) for allegedly defrauding the Life Insurance Corporation of India (LIC) of over ₹3,750–₹4,500 crore through non-convertible debentures (NCDs). The case involves charges of conspiracy, cheating, misappropriation, and breach of trust. Background of the Case Between 2009 and…

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Supreme Court Scrutinizes Alleged ₹27,300 Crore Reliance Communications Fund Diversion

Anil Ambani Faces Fresh CBI Case Over Alleged LIC Fraud