PoliticsCBI Chargesheets RCom, Ex-LIC CIO in ₹3,750-Crore Cheating Case
The CBI has filed a charge sheet against Reliance Communications Ltd., two Reliance ADA Group executives, and former LIC Chief Investment Officer P. Venugopal in a ₹3,750-crore cheating case. The case involves LIC's 2012 subscription to ₹1,500 crore NCDs from RCom based on serious misrepresentations. Charges include criminal conspiracy, cheating, breach of trust, and corruption. Investigation continues to identify other accused.
Business Standard··Mumbai




