CBI Files Cheating Case Against Anil Ambani Over Rs 1,816 Cr EPFO Loss

The Central Bureau of Investigation has registered a cheating case against businessman Anil Ambani and his firm Reliance Capital. The case relates to an alleged loss of Rs 1,816 crore suffered by the Employees' Provident Fund Organisation after it invested Rs 2,500 crore in Reliance Capital debentures that subsequently defaulted. Although the matter had been settled previously, fresh findings by the Enforcement Directorate prompted authorities to register a new fraud case. Anil Ambani has denied any wrongdoing in connection with the allegations.