New Delhi, July 17 (KNC): The Central Bureau of Investigation (CBI) on Friday filed its second chargesheet in the high-profile Reliance Communications Limited (RCom) bank fraud case, arraigning three more accused, including M/s Netizen Engineering Pvt. Ltd. (formerly Reliance Infocomm Engineering Pvt. Ltd.) and its two directors, Anil Kalya and Tunu Sahu, before the Special Judge for CBI Cases in Mumbai.

According to the CBI, the newly chargesheeted accused have been booked for offences including criminal conspiracy, criminal misappropriation and cheating under the relevant provisions of law. The agency alleged that Netizen Engineering Pvt. Ltd. was used by Reliance Communications Limited as a pass-through entity to facilitate the wilful diversion of funds, causing substantial wrongful losses to lending banks while generating corresponding unlawful gains for the accused and related entities.

The investigating agency stated that the case was registered on the basis of a complaint filed by the State Bank of India (SBI). As per the FIR, the total exposure of Public Sector Banks (PSBs) and Financial Institutions in the alleged fraud amounts to ₹19,694.33 crore, making it one of the country’s major banking fraud investigations.

The CBI informed that it had earlier filed its first chargesheet on May 29, 2026, against 16 accused, including Reliance Communications Limited, five senior company executives and ten bank officials. The agency said further investigation is continuing to ascertain the role of other individuals and entities and to examine additional aspects linked to the alleged financial irregularities.

The agency further revealed that it has so far registered seven FIRs against Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL) and Reliance Telecom Limited (RTL) on the basis of complaints received from various Public Sector Banks and the Life Insurance Corporation of India (LIC).

With the filing of the latest chargesheet, the CBI has now submitted four chargesheets in cases related to the Reliance ADA Group, including three chargesheets pertaining to separate investigations involving different Reliance ADA Group companies. The agency indicated that more chargesheets are likely to be filed as the investigation advances.

The CBI also disclosed that it has arrested six accused persons in the Reliance ADA Group-related cases so far, and all of them are presently in judicial custody.

Emphasising the importance of the investigation, the CBI stated that the probe is being monitored by the Hon’ble Supreme Court of India and reaffirmed its commitment to ensuring a speedy, impartial and comprehensive investigation into the alleged multi-crore financial fraud.

The agency maintained that further investigation remains underway to identify the involvement of additional individuals and entities and to ensure accountability in the alleged diversion of public funds. (KNC)