LIC ₹3,750 Crore Case: CBI Targets Anil Ambani, RCom
The CBI registered a case against Anil Ambani, Reliance Communications, and others for causing LIC a ₹3,750 crore loss via allegedly fraudulent ₹4,500 crore NCDs. A forensic audit revealed fund misuse, siphoning, and overstated security. Investigation is ongoing, following earlier SBI-related fraud cases causing a ₹2,929 crore loss to a consortium of banks.