Anil Ambani Faces Fresh CBI Case Over Alleged LIC Fraud
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…