Anil Ambani’s troubles increased again, CBI registered a case in LIC case worth Rs 3750 crore; RCom also fell under attack

CBI FIR Anil Ambani In LIC Case: The Central Bureau of Investigation (CBI) on Wednesday registered a case against Reliance Communications Limited, Anil Ambani, unidentified government officials and other unidentified people. He is accused of causing wrongful loss of Rs 3,750 crore to the Life Insurance Corporation of India. The case has been registered on the basis of a complaint by Life Insurance Corporation of India, in which charges have been leveled under conspiracy, fraud, embezzlement and Prevention of Corruption Act.

The allegation is that Reliance Communications Limited and its management fraudulently induced LIC to invest in non-convertible debentures worth Rs 4,500 crore by making false statements about the company’s financial position, security and assets.

Complaint based on forensic audit report

LIC has filed this complaint on the basis of a forensic audit report conducted by BDO India LLP on October 15, 2020. The report states that RCom and its management misused funds raised from banks and financial institutions, routed funds through subsidiaries, misused sales invoice financing, paid bogus bills, systematically embezzled funds through inter-company deposits and shell entities, created and written off fake debtors and receivables and grossly overstated security. Discrepancy was found between charges and assets.

Allegations of fraud with banks

Even before this, CBI has taken action against Reliance Communications, Anil Ambani and others in several cases, including allegations of fraud with banks. Anil Ambani was also interrogated for two consecutive days in the SBI fraud case of Rs 2,929.05 crore at the CBI headquarters in Delhi.

The case was registered on August 21, 2025, based on a complaint by SBI, alleging that the company and its management were misusing the loan amount and diverting it between different companies between 2013 and 2017.

SBI was the lead bank in the group of 11 banks in this case, which included banks like Bank of India, Central Bank of India, UCO Bank, Union Bank of India, Canara Bank, Syndicate Bank, Indian Overseas Bank, IDBI Bank and Oriental Bank of Commerce. Investigation revealed that out of the total loan amount of Rs 19,694.33 crore, SBI suffered a loss of Rs 2,929.05 crore.

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after the case is registered Punjab National BankSeparate complaints were also received from Bank of India, Union Bank, UCO Bank, Central Bank of India, IDBI Bank and Bank of Maharashtra. Apart from this, on February 25, another case was registered against Reliance Communications, Anil Ambani and others on the complaint of Bank of Baroda, in which the exposure of Dena Bank and Vijaya Bank is also included.