CBI registers fresh case against Reliance Communications, Anil Ambani
New Delhi (PTI): The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said.
The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they said.
The agency has alleged that LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs. 4500 crore between 2009 and 2012 on the basis of false representations made by Reliance Communications Ltd. and its management regarding the financial health of the company, and security and asset cover offered to LIC while subscribing to the NCDs.
The insurer suffered a loss of over Rs 3,750 crore and ordered a forensic audit against the company.
The forensic audit report dated October 15, 2020, conducted by BDO India LLP, reported that RCOM and its management had resorted to misutilisation of funds raised from banks and financial institutions, routing of funds through subsidiaries, misuse of sale invoice financing, discounting of fictitious bills, systematic siphoning of funds through inter-company deposits/shell related entities, creating and write-off of fictitious debtors and receivables and gross overstatement of security.
It said there was a mismatch between the charges and the assets.
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Police inspector suspended over 'involvement' in honour killing in Andhra's' Palnadu dt
Macherla (Andhra Pradesh) (PTI): A police inspector was suspended on Sunday over his alleged involvement in an alleged honour killing of a woman in a village under Macherla in Palnadu district, a senior police official said.
According to police, the woman, identified as Chowdeshwaramma, was in a relationship with Nagaraj, both belonging to the same community, and had eloped earlier.
"A police inspector was suspended following allegations of involvement in an honour killing case, including suspected monetary transactions with the victim's family," the official told PTI.
Police said the couple had approached the police station after eloping, where the woman's parents assured that they would conduct her marriage with Nagaraj, following which she returned home.
However, after a few days, when the family allegedly did not show interest in conducting the marriage, the woman expressed her intention to go back with the man again, he said.
Subsequently, she was found dead, with the family initially claiming that she died by hanging and filing a complaint accordingly.
The postmortem report later revealed that the woman was murdered by strangulation, contradicting the family's claim, police said.
Allegations later surfaced that the inspector had taken money from the woman's father and was involved in handing her back to the family earlier.
Based on these allegations and failure to take proper action in the case, the inspector was placed under suspension, said the official.
The woman's death is reported to have occurred on March 18, police said.
Meanwhile, police have registered a case under the Bharatiya Nagarik Suraksha Sanhita (BNSS), and relevant sections may be altered during the course of investigation, he added.
