The Central Bureau of Investigation (CBI) has initiated a formal probe into Reliance Capital (RCAP), its chairman Anil Ambani, and several other individuals, including unidentified public servants. The case stems from a written complaint filed by the Life Insurance Corporation of India (LIC), which alleges fraudulent activity involving the company's financial dealings.

According to official statements, the FIR (First Information Report) names Anil Ambani and other key figures within the organization. The investigation is currently in its preliminary stages, focusing on the nature of the investments and the specific transactions that prompted the complaint from the state-owned insurer. While the FIR has been registered, the specific financial figures and the exact timeline of the alleged misconduct have not been fully disclosed by authorities at this time. The inclusion of 'unidentified public servants' in the FIR suggests that the CBI is also looking into potential regulatory or administrative lapses that may have facilitated the alleged fraud. As of now, representatives for Reliance Capital have not issued a detailed public response to the specific allegations contained in the FIR. The case marks a significant legal development for the conglomerate, which has been navigating complex insolvency proceedings over the past few years.