CBI case vs Reliance Capital, Anil Ambani Rs 1,816 crore

India's Central Bureau of Investigation has registered a criminal case against Reliance Capital Limited and its former chairman, Anil Ambani, over allegations of a massive fraud involving investments from the national employees' provident fund. The agency filed the First Information Report on July 31, 2026, following a formal complaint from the Employees' Provident Fund Organisation.

The complaint, which was forwarded by the Union Ministry of Labour and Employment on July 21, alleges that the actions of the company and its officials caused a wrongful loss of 1,816.22 crore rupees to the EPFO. This figure comprises a principal amount of 1,007.55 crore rupees and an interest liability of 808.67 crore rupees. The CBI has invoked charges including criminal conspiracy, cheating, criminal breach of trust, and criminal misconduct against the company, Ambani, unknown public servants, and other unidentified persons.

According to the allegations, the case centers on investments made over a decade ago. During 2013 and 2014, Reliance Capital Limited issued secured Non-Convertible Debentures. The EPFO, acting through four portfolio managers including Reliance Capital Asset Management...