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CBI Charges Reliance Communications Over INR1,500 Crore Debentures

By Drooid · Oct 6, 2026, 11:22 AM UTC · How we work

Summary

Story summary

The CBI filed a charge sheet against Reliance Communications Ltd., two Reliance Group executives, and a LIC officer.
Amitabh Jhunjhunwala, Vishwas Joshi, and former LIC CIO P. Venugopal face charges of conspiracy, cheating, breach of trust, and corruption.
LIC’s 2012 INR1,500 crore RCom debenture subscription allegedly diverted funds, causing a INR3,750 crore loss.
The case, registered on April 1, 2026, led to nine FIRs, seven arrests, and Supreme Court monitoring.

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Story summary

The CBI filed a charge sheet against Reliance Communications Ltd., two Reliance Group executives, and a LIC officer.
Amitabh Jhunjhunwala, Vishwas Joshi, and former LIC CIO P. Venugopal face charges of conspiracy, cheating, breach of trust, and corruption.
LIC’s 2012 INR1,500 crore RCom debenture subscription allegedly diverted funds, causing a INR3,750 crore loss.
The case, registered on April 1, 2026, led to nine FIRs, seven arrests, and Supreme Court monitoring.