Yet another case against Reliance

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- Parinda Bureau, December 13, 2005, 10:07 IST

NEW DELHI: The CBI has registered a case against some officials of the Reliance Industries and nine National Insurance Corporation (NIC) personnel for allegedly causing a loss of Rs 200 crore to the exchequer. This is the second case registered against the Reliance Industries in less than a month. The first was registered against the Reliance on November 12 for allegedly causing a loss to the Department of Telecommunication by re-routing international calls as local ones. The fresh case pertains to insurance of handset and non-billing by customers, thereby causing a loss of over Rs 200 crore to the exchequer, CBI sources said.
The agency also summoned relevant files from the NIC for scrutinising before going ahead with questioning of the officials of the Reliance and the insurance company, they said.

The allegation against the NIC was that the company had failed to comply with regulatory norms while offering tailor-made risks to the company, as reported by CAG earlier.