CBI files charge sheet against Reliance Communications in LIC fraud case

New Delhi, October 3 – The Central Bureau of Investigation (CBI) has formally submitted a charge sheet against Reliance Communications Ltd (RCom), two senior officers of the Reliance ADA Group and the former chief investment officer of Life Insurance Corporation (LIC). The filing was made before a Special Court in Mumbai handling CBI matters. The accused include Amitabh Jhunjhunwala, Group MD of Reliance ADA, senior VP Vishwas Joshi of Reliance Capital Ltd and former LIC CIO P. Venkata Gopal. Under the Indian Penal Code they face charges of criminal conspiracy, fraud and criminal breach of trust, along with violations of the Prevention of Corruption Act, 1988. The investigation continues to identify additional participants and explore further allegations.