Special court receives CBI charge sheet linking Reliance group to fraudulent LIC debentures

In a hearing before the Special Judge handling CBI cases in Mumbai, the agency presented its eighth charge sheet against entities of the Reliance ADA Group. The document accuses Reliance Communications, Reliance Capital, and former LIC CIO P. Venkata Gopal of criminal conspiracy, fraud and breach of trust related to the 2012 issuance of ₹1,500 crore of non‑convertible debentures by LIC. The CBI alleges that the funds raised were siphoned off to ADA subsidiaries, resulting in a calculated loss to LIC and illicit gains for the accused. The court has ordered the continuation of investigations to trace additional conspirators.