{"id":32087,"date":"2026-10-03T22:54:56","date_gmt":"2026-10-03T22:54:56","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=32087"},"modified":"2026-10-03T22:54:56","modified_gmt":"2026-10-03T22:54:56","slug":"rs-3750-crore-rcom-fraud-cbi-names-ex-lic-executive-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=32087","title":{"rendered":"Rs 3,750 crore RCom fraud: CBI names ex-LIC executive | India News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-134668329,imgsize-83428,width-400,height-225,resizemode-4\/new-delhi_-reliance-communication-ltd-rcom-chairman-anil-ambani-leaves-after-a.jpg\" alt=\"Rs 3,750 crore RCom fraud: CBI names ex-LIC executive\" title=\"According to CBI, its investigation revealed that in 2012, LIC subscribed to Non-Convertible Debentures worth Rs 1,500 crore issued by Reliance Communications Ltd. based on serious misrepresentations.\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"According to CBI, its investigation revealed that in 2012, LIC subscribed to Non-Convertible Debentures worth Rs 1,500 crore issued by Reliance Communications Ltd. based on serious misrepresentations.\">According to CBI, its investigation revealed that in 2012, LIC subscribed to Non-Convertible Debentures worth Rs 1,500 crore issued by Reliance Communications Ltd. based on serious misrepresentations.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: CBI has filed a chargesheet against Reliance Communications Ltd and three key executives in a Rs 3,750 crore fraud case alleged by Life Insurance Corporation (LIC). The document names Amitabh Jhunjhunwala, Group MD of Reliance ADA Group, Vishwas Joshi, senior VP of Reliance Capital Limited, and P Venugopal, the then chief investment officer of LIC.<!-- --> CBI filed its report before the special judge for CBI cases in Mumbai.<span class=\"id-r-component br\" data-pos=\"3\"\/>The accused have been charged with offences of criminal conspiracy, cheating, and criminal breach of trust under IPC sections, alongside charges under the Prevention of Corruption Act.<span class=\"id-r-component br\" data-pos=\"5\"\/>According to CBI, its investigation revealed that in 2012, LIC subscribed to Non-Convertible Debentures worth Rs 1,500 crore issued by Reliance Communications Ltd. <!-- -->based on serious misrepresentations.<span class=\"id-r-component br\" data-pos=\"10\"\/>&#8220;The funds received from the subscription were subsequently diverted to other Reliance ADA Group companies, resulting in wrongful gain to the accused while causing a total alleged loss of \u20b93,750 crore to LIC,&#8221; CBI has said in the chargesheet.<\/p>\n<div data-type=\"in_view\" class=\"  \">\n<div class=\"LEzX4\">\n<div class=\"PmOGb\">\n<p class=\"PSf84\">Share your thoughts in the comments<\/p>\n<\/div>\n<p><button type=\"button\" class=\"sUTYm \">Insightful<\/button><button type=\"button\" class=\"sUTYm \">Agree<\/button><button type=\"button\" class=\"sUTYm \">Disagree<\/button><button type=\"button\" class=\"sUTYm \">Skeptical<\/button><button type=\"button\" class=\"sUTYm \">Concerning<\/button><button type=\"button\" class=\"sUTYm \">Promising<\/button><button type=\"button\" class=\"sUTYm \">Worth Reading<\/button><button type=\"button\" class=\"sUTYm \">Big Development<\/button><\/p>\n<p><textarea class=\"T9MbS\" rows=\"1\" placeholder=\"Add your Thoughts...\"\/><button type=\"button\" class=\"ZW6JD \" disabled=\"\">Post Comment<\/button><\/p>\n<p class=\"swnca\">Be respectful \u00b7 <a href=\"https:\/\/www.indiatimes.com\/termsandcondition\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"gkv0P\">TOI community guidelines<\/a><\/p>\n<\/div>\n<\/div>\n<p><span class=\"id-r-component br\" data-pos=\"13\"\/>The probe agency had registered this case on April 1, 2026, following a complaint lodged by LIC. This submission represents the eighth chargesheet filed by the agency in a broader crackdown on Reliance ADA Group entities.<span class=\"id-r-component br\" data-pos=\"16\"\/>CBI has registered nine FIRs against Reliance Communications Limited, Reliance Home Finance Limited and other group entities. These FIRs stem from complaints by various public sector banks, LIC and Employees&#8217; Provident Fund Organisation. Seven have been arrested in these cases.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/3750-crore-rcom-fraud-cbi-names-ex-lic-executive\/articleshow\/134668322.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to CBI, its investigation revealed that in 2012, LIC subscribed to Non-Convertible Debentures worth Rs 1,500 crore issued by Reliance Communications Ltd. based on serious misrepresentations. NEW DELHI: CBI has filed a chargesheet against Reliance Communications Ltd and three key executives in a Rs 3,750 crore fraud case alleged by Life Insurance Corporation (LIC). 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NEW DELHI: CBI has filed a chargesheet against Reliance Communications Ltd and three key executives in a Rs 3,750 crore fraud case alleged by Life Insurance Corporation (LIC). 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