MUMBAI, Aug. 2 -- The Central Bureau of Investigation (CBI) 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 terms of the NCDs until September 2019, when the company's credit rating was downgraded to D, following which it defaulted on its repayment obligations. RCL was then part of the Reliance ADA Group. In 2021, the company entered the Corporate Insolvency Resolution Process (CIRP) and was acquired by IndusInd International Holdings Limited (IHIL) in March 2025. 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), Mumbai, admitted RCL to the Corporate Insolvency Resolution Process (CIRP). Following the approval of the resolution plan by the NCLT, under which IHIL took over the company 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. Reliance Capital Ltd (RCL) and IndusInd International Holdings Limited (IHIL) could not be reached for comment till the time of going to press. The EPFO decided to lodge the complaint after receiving a communication from the Enforcement Directorate (ED). The complaint said that a transaction audit and analysis of documentary evidence by the ED revealed serious deficiencies in the sanctioning and monitoring of inter-corporate deposits, lending to financially weak entities, diversion of funds, non-compliance with internal lending policies, masking of credit deterioration....