New Delhi- The CBI on Monday filed a supplementary chargesheet towards three ex-executives of the Reliance ADA Group in reference to the Rs 9,280 crore Reliance Business Finance Ltd rip-off case, the company mentioned in a press release.
The most recent motion got here towards the agency’s group managing director Amitabh Jhunjhunwala, Reliance Capital chief monetary officer Amit Bapna, and Reliance Infrastructure Ltd firm secretary Ramesh Shenoy.
The company named 14 extra entities within the supplementary chargesheet filed earlier than a particular CBI courtroom in Mumbai.
“The CBI has filed the primary supplementary chargesheet at present within the Reliance Business Finance Ltd. (RCFL) case… together with three executives of the Reliance ADA Group, specifically Amitabh Jhunjhunwala, Group Managing Director of the Reliance ADA Group; Amit Bapna, CFO, RCL; and Ramesh Shenoy, Firm Secretary, Reliance Infrastructure Ltd,” an company spokesperson mentioned in a press release.
The record of accused by the CBI contains eight firms — Reliance Energy Ltd, Large Flicks Pvt Ltd, Reliance Large Leisure Pvt Ltd, Reliance Communications Ltd, Kunjbihari Builders Pvt Ltd, Reliance Enterprise Asset Administration Pvt Ltd, Reliance Broadcast Community Ltd and Reliance Telecom Ltd.
Six financial institution officers related to Financial institution of Baroda, Punjab Nationwide Financial institution and Indian Abroad Financial institution are additionally named as accused, the spokesperson mentioned in a press release.
No rapid response was obtainable from the corporate.
“The accused have been chargesheeted for offences of prison conspiracy, prison misappropriation and dishonest beneath the IPC, together with offences beneath the Prevention of Corruption Act, 1988,” the spokesperson mentioned.
In its chargesheet, the CBI mentioned that its probe has up to now revealed that funds borrowed by Reliance Business Finance Ltd had been allegedly diverted to the extent of Rs 6,229.54 crore by middleman and conduit entities to varied Reliance ADA Group firms.
The diversion, it mentioned, violated the phrases and circumstances governing such borrowings and prompted wrongful loss to the lending banks and monetary establishments and corresponding wrongful achieve to the accused and associated entities.
The CBI registered the case based mostly on complaints from Financial institution of Maharashtra and different public sector banks within the consortium, which allegedly suffered a lack of Rs 9,280 crore.
“The primary chargesheet was filed within the case on 07.07.2026 towards seven accused individuals. With the submitting of the current supplementary chargesheet, a complete of 24 accused individuals, together with people and firms, have been chargesheeted within the case up to now. The additional investigation is continuous to look into the position of different accused,” the CBI mentioned.
The company has registered eight FIRs towards Reliance Communications Restricted (RCom), Reliance Residence Finance Restricted (RHFL), Reliance Business Finance Restricted (RCFL), Reliance Telecom Restricted (RTL), and different Reliance ADA Group entities based mostly on complaints acquired from varied Public Sector Banks, LIC, and EPFO.
“The CBI had earlier filed 5 chargesheets within the Reliance ADA Group instances. The current supplementary chargesheet is the sixth chargesheet filed in these instances. The CBI has up to now arrested seven accused individuals within the Reliance ADA Group instances,” the company mentioned.
The Supreme Court docket is monitoring the CBI probe.
