New Delhi. The Central Bureau of Investigation (CBI) has registered a new case against industrialist Anil Ambani, his company Reliance Communications Limited and some unknown people. This case has been registered after the complaint of Life Insurance Corporation of India (LIC). In this, LIC has been accused of loss of Rs 3,750 crore. According to CBI, LIC had invested about Rs 4500 crore in non-convertible debentures (NCDs) of Reliance Communications. It is alleged that this investment was made from LIC by giving wrong information about the financial condition of the company. Reliance Company and its management misused these funds and diverted the funds through different companies, due to which it suffered financial losses.
Let us tell you that CBI has already registered cases against Reliance Communications and Anil Ambani for alleged fraud with banks. In the bank fraud case, CBI had raided Anil Ambani’s house and some other premises related to him in August last year. Whereas State Bank of India had earlier declared both Reliance Communications and its promoter-director Anil Ambani as fraud. Anil Ambani had also given a written affidavit in the Supreme Court to fully cooperate in the ongoing CBI and ED investigation in the Rs 40 thousand crore bank loan fraud case involving the companies of Reliance Anil Dhirbhai Ambani Group (ADAG).
He had also told the court that he would not go out of the country without permission. It is noteworthy that ED is investigating the money laundering case related to this case. Anil Ambani has appeared before the ED several times for questioning. In the investigation so far, ED has found that funds received from the bank were misused in the companies Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
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