New Delhi, September 7, 2026 (Yes Punjab News)
The Central Bureau of Investigation (CBI) on Monday filed a supplementary chargesheet against 17 additional accused in the Reliance Commercial Finance Limited (RCFL) case, naming three executives of the Anil Dhirubhai Ambani Group, eight group companies and six bank officials.
The chargesheet was filed before the Special Judge for CBI cases in Mumbai. The three Reliance ADA Group executives named are Amitabh Jhunjhunwala, Group Managing Director of the Reliance ADA Group; Amit Bapna, Chief Financial Officer of Reliance Capital Limited; and Ramesh Shenoy, Company Secretary of Reliance Infrastructure Ltd.
The accused have been charged with alleged offences including criminal conspiracy, criminal misappropriation and cheating under the Indian Penal Code, besides provisions of the Prevention of Corruption Act, 1988.
According to the CBI, its investigation has so far alleged that Rs 6,229.54 crore borrowed by RCFL was diverted through intermediary and conduit entities to various Reliance ADA Group companies in alleged violation of the terms governing the borrowings.
The agency has alleged that the diversion caused wrongful losses to lending banks and financial institutions while resulting in corresponding wrongful gains for the accused and related entities.
Companies Named as Accused
The eight companies named in the supplementary chargesheet are Reliance Power Ltd., Big Flicks Pvt. Ltd., Reliance Big Entertainment Pvt. Ltd., Reliance Communications Ltd., Kunjbihari Developers Pvt. Ltd., Reliance Venture Asset Management Pvt. Ltd., Reliance Broadcast Network Ltd. and Reliance Telecom Ltd.
Six officials associated with Bank of Baroda, Punjab National Bank and Indian Overseas Bank have also been named as accused.
The CBI has estimated the total loss caused to banks, financial institutions and other lenders at around Rs 9,280 crore.
The RCFL case was registered following complaints from Bank of Maharashtra and other public sector banks that were part of the consortium of lenders.
The agency had filed its first chargesheet in the case on July 7, 2026, against seven accused. With Monday’s supplementary chargesheet, 24 accused, comprising individuals and companies, have now been chargesheeted in the RCFL case.
The CBI said its investigation is continuing to establish the role of other accused persons.
The RCFL matter forms part of a wider CBI investigation involving multiple Reliance ADA Group entities. The agency’s Banking Security and Fraud Branch in Delhi has registered eight FIRs against Reliance Communications Ltd. (RCom), Reliance Home Finance Ltd. (RHFL), Reliance Commercial Finance Ltd. (RCFL), Reliance Telecom Ltd. (RTL) and other group entities.
The FIRs were registered on complaints from various public sector banks, Life Insurance Corporation of India (LIC) and the Employees’ Provident Fund Organisation (EPFO).
The CBI had previously filed five chargesheets in cases involving Reliance ADA Group entities. The latest supplementary chargesheet is the sixth chargesheet filed across the broader set of cases.
The agency has so far arrested seven accused persons in the Reliance ADA Group cases. The investigation is being monitored by the Supreme Court.
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