The CBI has accused Reliance Capital, Ambani, and other unidentified public servants of criminal conspiracy, cheating, criminal breach of trust, and criminal misconduct. The allegations stem from a financial transaction in which Reliance Capital issued secured Non-Convertible Debentures (NCDs) in 2013-14. The EPFO invested ₹2,500 crore through four portfolio managers including Reliance Capital Asset Management Limited.