Reliance Home Finance case: CBI files second charge sheet

In its charge sheet filed before a special court in Mumbai, the CBI has named Amit Bapna, Director and CFO, RHFL; Amitabh Jhunjhunwala, Group MD and vice-chairman, RCL; and Suresh Nagarajan, CFO, Reliance Power Limited, the agency said in a statement in New Delhi. File | Photo Credit: PTI The Central Bureau of Investigation on Thursday said it had filed the second charge sheet in Reliance Home Finance Ltd (RHFL) case against 11 accused, including three executives of Anil Ambani-led Reliance ADA Group, namely Amit Bapna, Director and Chief Financial Officer (CFO), RHFL, Amitabh Jhunjhunwala, Group Managing Director and Vice Chairman, RCL, and Suresh Nagarajan, CFO, Reliance Power Ltd.The others include seven Reliance ADA Group companies, namely Reliance Infrastructure, Reliance Power, Reliance Big Entertainment, Reliance Broadcast Network, Reliance Business Broadcast News Holdings, Reliance MediaWorks Financial Services and Kunjbihari Developers, and one private person named Vijay Napawaliya, CA and Statutory Auditor of RHFL.“The accused have been chargesheeted for offences of criminal conspiracy and cheating under the IPC,” the CBI said in a press release.The second chargesheet was filed on Thursday before the Special Judge for CBI Cases, Mumbai.“Investigation conducted so far has revealed that funds amounting to ₹7,429.16 crore, borrowed by Reliance Home Finance Ltd., were allegedly diverted through intermediary and conduit entities to various Reliance ADA Group companies in violation of the terms and conditions stipulated by lenders, thereby causing wrongful loss to the lending banks and financial institutions and corresponding wrongful gain to the accused persons and related entities,” the CBI said.Previously the CBI had registered the case on the basis of complaints received from Union Bank of India (erstwhile Andhra Bank) and other public sector banks of the consortium.The first chargesheet in this case was filed in the case on July 9, 2026 against four accused persons.With the filing of this chargesheet, a total of 15 accused persons, including senior officials and Group companies, have been chargesheeted in the case so far, the CBI said.“Further investigation is continuing to ascertain the role of other accused persons and to investigate into other allegations,” the CBI said.Nine FIRsThe investigating agency said its specialised unit, the Bank Securities and Fraud Branch (BSFB), had registered nine FIRs against Reliance Communications Ltd (RCom), Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), Reliance Telecom Ltd (RTL) and Reliance Capital Ltd (RCL) on the basis of complaints received from various public sector banks, LIC and the EPFO.The CBI said it had earlier filed six chargesheets in the Reliance ADA Group cases. The present chargesheet is the seventh chargesheet, and so far seven accused persons have been arrested.The investigation in these cases is being monitored by the Supreme Court. Published - October 01, 2026 06:50 pm IST