Economy
CBI files charge sheet against RCom and former executives in LIC fraud
The Hindu2h
THE BRIEF
1
The Central Bureau of Investigation filed a charge sheet against Reliance Communications Limited, two former Reliance Group executives, and a former LIC chief investment officer in an investment fraud case.
2
The case involves an alleged loss of ₹3,750 crore after LIC subscribed to Non-Convertible Debentures worth ₹1,500 crore issued by RCom in 2012 based on misrepresentations.
3
The Supreme Court is monitoring the investigation into the cases, while the CBI continues to examine the role of other accused entities.