CBI Files Second Charge Sheet in RHFL Case, Names 11 Accused
The agency said Rs. 7,429.16 crore was allegedly diverted through conduit entities, and 15 accused have now been charge-sheeted.
- On Thursday, the Central Bureau of Investigation filed a second charge sheet in the Reliance Home Finance Limited loan-fraud case before a Special Judge in Mumbai, naming 11 accused, including executives of the Anil Ambani-led Reliance ADA Group.
- Investigators allege the accused diverted ₹7,429 crore borrowed by RHFL through conduit entities to various group companies, violating lender terms and causing "wrongful loss to the lending banks and financial institutions and corresponding wrongful gain to the accused persons and related entities."
- With this latest filing, 15 total individuals and companies are now charged, including RHFL Director Amit Bapna, Amitabh Jhunjhunwala of the Reliance ADA Group, Reliance Power Limited CFO Suresh Nagarajan, seven additional companies, and Vijay Napawaliya.
- Following complaints from Union Bank and other public sector lenders, authorities attached ₹1,120 crore in assets linked to the firm in connection with the alleged financial irregularities.
- Ongoing CBI investigation probes multiple FIRs against the Reliance ADA Group, while the company provided no immediate reaction to this latest development as officials work to ascertain roles of other potential suspects.
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14 Articles
CBI files second charge sheet in RHFL case, names 11 accused
The Central Bureau of Investigation (CBI) on Thursday filed the second charge sheet in its probe against Reliance Home Finance Ltd (RHFL), naming 11 accused persons, including three executives of Reliance ADA group, the agency said in a statement
aninews.in
LatestlyCBI files second chargesheet in Reliance Home Finance case against 11 accused
The Central Bureau of Investigation (CBI) on Thursday filed its second chargesheet in the Reliance Home Finance Ltd (RHFL) case before the Special Judge for CBI Cases, Mumbai, against 11 accused persons, including three executives of the Reliance ADA Group, seven companies and a chartered accountant.
Deccan Chronicle
Kashmir ObserverCBI Files Second Chargesheet in Reliance Home Finance Case
CBI has named Amit Bapna, Director and CFO, RHFL; Amitabh Jhunjhunwala, Group MD and Vice Chairman, RCL; and Suresh Nagarajan, CFO, Reliance Power Ltd in second chargesheet
Reliance Home Finance Case: The CBI filed its second charge sheet in the Reliance Home Finance case. It accuses 11 accused, including three senior officials and seven companies, of fund diversion totaling ₹7,429 crore.
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