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Uploaded 3 days ago
Duration: 0h 3m 27s
RCom, Ex-LIC CIO Face CBI Charges In Major Cheating Scandal
The CBI has filed a charge sheet in a Rs 3,750-crore cheating case against Reliance Communications Ltd. (RCom), former executives of the Reliance ADA Group, and a former Chief Investment Officer of Life Insurance Corporation of India (LIC). The case involves LIC subscribing to NCDs worth Rs 1,500 crore from RCom in 2012 based on alleged misrepresentations, with funds subsequently diverted to ADA group companies, causing wrongful loss to LIC.
Uploaded by: Rediff Video Desk on Sat, 03 Oct 2026 16:13:37 +0530
Views: 43
Tags: reliance communications, cbi charge sheet, lic fraud case, non-convertible debentures, financial misrepresentation
