New Delhi, October 1 (TNA) The Central Bureau of Investigation (CBI) has filed a second chargesheet in the Reliance Home Finance Ltd. (RHFL) case before the Special CBI Court in Mumbai, naming 11 accused, including senior executives of the Reliance ADA Group, seven companies and the statutory auditor of RHFL.
The chargesheet, filed on October 1, 2026, names Amit Bapna, Director and CFO of RHFL; Amitabh Jhunjhunwala, Group Managing Director and Vice Chairman of Reliance Capital Ltd.; and Suresh Nagarajan, CFO of Reliance Power Ltd. Reliance Infrastructure Ltd., Reliance Power Ltd., Reliance Big Entertainment Pvt. Ltd., Reliance Broadcast Network Ltd., Reliance Business Broadcast News Holdings Ltd., Reliance MediaWorks Financial Services Pvt. Ltd. and Kunjbihari Developers Pvt. Ltd. have also been named as accused companies. Vijay Napawaliya, CA and statutory auditor of RHFL, is among the other accused.
According to the CBI, the accused have been chargesheeted for alleged offences of criminal conspiracy and cheating under the Indian Penal Code. The agency said its investigation found that funds amounting to Rs 7,429.16 crore borrowed by RHFL were allegedly diverted through intermediary and conduit entities to various companies of the Reliance ADA Group, in violation of lending conditions.
The alleged diversion caused wrongful loss to lending banks and financial institutions and corresponding wrongful gain to the accused persons and related entities, the CBI said.
The case was registered on the basis of complaints filed by the Union Bank of India, formerly Andhra Bank, and other public-sector banks forming part of the consortium. The CBI had filed the first chargesheet in the case on July 9, 2026, against four accused persons. With the filing of the second chargesheet, a total of 15 accused, including senior officials and group companies, have been charged so far.
The agency said further investigation is continuing to establish the role of other accused persons and examine additional allegations. The CBI, BSFB, Delhi, has also registered nine FIRs against Reliance Communications Ltd., RHFL, Reliance Commercial Finance Ltd., Reliance Telecom Ltd. and Reliance Capital Ltd. on complaints from public-sector banks, LIC and EPFO.
The CBI said it had earlier filed six chargesheets in cases involving the Reliance ADA Group. The latest filing is the seventh chargesheet in those cases, while seven accused persons have been arrested so far. The investigation is being monitored by the Supreme Court, the agency said, adding that it remains committed to conducting an expeditious and comprehensive probe.