MUMBAI, Aug. 2 -- The Central Bureau of Investigation (CBI) has registered a First Information Report (FIR) against Reliance Capital Ltd (RCL), its directors, key managerial personnel and others for allegedly causing a wrongful loss of Rs.1,816.22 crore to the Employees' Provident Fund Organisation (EPFO). The FIR follows a complaint filed on July 21 by an EPFO representative alleging that RCL issued secured Non-Convertible Debentures (NCDs) in 2013 and 2014, in which the pension body invested Rs.2,500 crore through four portfolio managers for a 10-year period. According to the complaint, the EPFO received periodic coupon payments from RCL under the NCD terms until September 2019, when the company's credit rating was downgraded to D, leading to a default on its repayment obligations. RCL was at the time a Reliance ADA Group. In 2021, the company entered the insolvency resolution process and was in March 2025 acquired by IndusInd International Holdings Limited (IHIL). The EPFO lodged a claim of Rs.3,308.67 crore - comprising a principal amount of Rs.2,500 crore and accrued interest of Rs.808.67 crore - after the National Company Law Tribunal (NCLT) in Mumbai admitted RCL to the corporate insolvency resolution process (CIRP). Following the approval of the resolution plan by the NCLT that resulted in the IHIL takeover on March 19, 2025, the EPFO recovered Rs.1,492.45 crore, leaving an unrecovered principal of Rs.1,007.55 crore and admitted interest of Rs.808.67 crore. IHIL and RCL could not be reached for comment till the time of going to print. The EPFO decided to lodge the complaint after receiving a communication from the Enforcement Directorate (ED). "The information received from ED indicates that the default of Reliance Capital Limited has not been merely the result of commercial or financial distress, but has been preceded or accompanied by fraudulent transactions, diversion of funds and other acts," the complaint stated....