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In the news

RCom RP files curative petition against SC spectrum ruling

DoT Terminates Reliance Communications Spectrum with Immediate Effect

RCom-LIC ₹3,750 Crore Fraud: Governance Failures and Legal Fallout

CBI charges RCom, ex-LIC CIO in ₹3,750-cr cheating case

SC rejects Reliance Communications spectrum plea, creditors seek ₹7,000 cr real estate release

CBI files third chargesheet in RCom ₹1,200 crore loan case

SC dismisses RCom's plea against ₹802 crore bank guarantee protection

Reliance Communications posts ₹809 cr Q1 loss, sales drop 10.84%

CBI Conducts Fresh Searches at 15 Locations in Reliance ADA Group Cases

RCom money laundering: Doshi's judicial custody extended

Telegram CEO claims Reliance, WhatsApp lobbied for India ban

Court grants 5-day ED custody of ex-RCom official in ₹40,000 cr PMLA case

CBI Gets Custody of RCom's Ex-MD Amitabh Jhunjhunwala Till June 5

Reliance Infra Q4 profit crashes 79% YoY to ₹918 cr

CBI seizes records of Reliance Communications' LIC bond issue

CBI arrests RCOM officials in ₹2,929 crore bank fraud case

RCom hits 5% upper circuit after quarterly disclosure

CBI registers fourth case against RCOM over ₹3,750 crore LIC fraud

CBI quizzes 3 ex-senior execs in ₹2,929 cr SBI fraud case

CBI Files ₹1,085 Cr Fraud Case Against Anil Ambani
Company insights, generated from the most recent coverage.
RCom's audit committee cleared the NCD issue without verifying use of proceeds or challenging ADA Group related-party flows — proof that a compliant committee charter is worthless without an independent information channel to management.
RCom's governance collapse repeats the exact Satyam, IL&FS, DHFL and Yes Bank template: promoter-controlled board, captured independent directors, failed auditors, reactive enforcement. The pattern is structural, not company-specific.
Jhunjhunwala (Group MD) and Joshi (Senior VP, Reliance Capital) sat on opposite sides of the same ADA Group yet jointly facilitated the LIC subscription — group structure let one network act as both issuer and distributor of the paper.