Reliance Communications Loan Fraud Case: CBI Files New Chargesheet

New Delhi: The CBI on Friday filed its second chargesheet in the Reliance Communications Limited case, in which banks and financial institutions allegedly lost over Rs 19,000 crore of public money, officials said.

In the chargesheet filed before a special court in Mumbai, the CBI named Netizen Engineering Pvt Ltd (erstwhile Reliance Infocomm Engineering Pvt Ltd) and its two directors – Anil Kalya and Tunu Sahu – as accused for offences of criminal conspiracy, criminal misappropriation and cheating, a CBI spokesperson said in a statement.

"The second chargesheet is based on the investigation conducted by the CBI, which revealed that Netizen Engineering was used by Reliance Communications Limited (RCom) as a pass-through entity for the wilful diversion of funds, thereby causing wrongful loss to lending banks and corresponding wrongful gain to the accused persons and related entities," the statement said.

The agency had registered the case on a complaint from the State Bank of India (SBI).

"According to the FIR, the total exposure of public sector banks and financial institutions in the case is Rs 19,694.33 crore," the statement said.

The CBI had filed the first chargesheet on May 29 against 16 accused persons, including RCom, five senior executives of the company, and 10 bank officials.

"Further investigation has been kept open to ascertain the role of the other accused persons and to investigate other aspects of the case," the statement said.