CBI files EPFO cheating case against Anil Ambani

The Central Bureau of Investigation (CBI) has filed a cheating case against Reliance Capital and industrialist Anil Ambani. The case originates from an alleged loss of Rs 1,816 crore suffered by the Employees' Provident Fund Organisation (EPFO).

According to the available details, the EPFO had invested Rs 2,500 crore in debentures issued by Reliance Capital, which subsequently defaulted on the payments. Although the matter had reportedly been settled earlier, subsequent findings by the Enforcement Directorate (ED) triggered the initiation of the new CBI case.