CBI chargesheets RCom, executives in ₹3,750 crore LIC fraud

CBI filed its 8th chargesheet in the Reliance ADA Group cases against RCom, former Group MD Amitabh Jhunjhunwala, Sr VP Vishwas Joshi, and ex-LIC CIO P Venugopal. In 2012, LIC subscribed to RCom NCDs worth ₹1,500 crore based on misrepresentations and funds were allegedly diverted to ADA group, causing ₹3,750 crore loss to LIC.