Mumbai, August 21, 2026 (Yes Punjab News)
The Central Bureau of Investigation (CBI) on Friday filed a second supplementary charge sheet in the Reliance Communications Limited (RCom) case, accusing Reliance ADA Group Managing Director Amitabh Jhunjhunwala of criminal conspiracy, criminal misappropriation and cheating in connection with an alleged loss of Rs 971.25 crore to the State Bank of India (SBI).
The charge sheet was filed before the Special Judge for CBI Cases in Mumbai following an investigation into the alleged fraudulent availing of a Rs 1,200-crore term loan by Reliance Communications Limited and Reliance Infratel Limited.
According to the CBI, Jhunjhunwala, who held a key position in the group, allegedly acted as part of a criminal conspiracy to dishonestly and fraudulently obtain the loan. The two companies subsequently failed to repay the amount, resulting in a wrongful loss of approximately Rs 971.25 crore to SBI, the agency said.
The case was registered on the basis of a complaint filed by SBI. The FIR has put the total exposure of Indian public sector banks and financial institutions in the case at Rs 19,694.33 crore.
The CBI had filed its first charge sheet on May 29 against 16 accused, including RCom, five senior company executives and 10 bank officials. It later filed a supplementary charge sheet against Netizen Engineering P Ltd and its directors Anil Jamna Kalya and Tunu Sahu.
With Jhunjhunwala being named in the latest charge sheet, the total number of accused booked in the case has risen to 20.
The agency said its investigation into other accused persons and additional aspects of the case is continuing.
The CBI has registered eight FIRs involving RCom, Reliance Home Finance Ltd, Reliance Commercial Finance Ltd and Reliance Telecom Ltd based on complaints from various public sector banks, the Life Insurance Corporation of India and the Employees’ Provident Fund Organisation.
So far, seven accused persons have been arrested in cases involving the Reliance ADA Group and are currently in judicial custody. The Supreme Court is monitoring the investigation.
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