CBI Files Charge Sheet Against RCom, Executives in ₹3,750 Crore LIC Fraud Case

The Hindu - Business · business

The Central Bureau of Investigation (CBI) has filed a charge sheet against Reliance Communications Limited (RCom), two former Reliance Group executives, and others in a ₹3,750 crore LIC investment fraud case. The accused include former executives Amitabh Jhunjhunwala and Vishwas Joshi, along with P. Venugopal, the former chief investment officer of LIC. They face charges of criminal conspiracy, cheating, and criminal breach of trust, with further investigation ongoing. The CBI registered the case based on a complaint from LIC, and the probe is being monitored by the Supreme Court.