Reliance Home Finance case: CBI files second charge sheet
The CBI has filed a second charge sheet against 11 individuals and several Reliance ADA Group companies in a ₹7,429 crore loan fraud case involving Reliance Home Finance Limited. The accused are charged with criminal conspiracy and cheating for allegedly diverting borrowed funds.
Why it matters
Involves major corporate fraud allegations that impact the stability of public sector banks and financial oversight.
“The Central Bureau of Investigation (CBI) filed its second charge sheet on Thursday (October 1, 2026) against 11 accused, including three then executives of the Reliance ADA Group, in a loan-fraud case related to alleged diversion of ₹7,429 crore borrowed by the Reliance Home Finance Limited (RHFL),” officials said.
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.
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