The Central Bureau of Investigation (CBI) files a second chargesheet in the Reliance Communications (RCom) loan fraud case before the Special Judge for CBI cases in Mumbai. The chargesheet names three accused, including Netizen Engineering Pvt. Ltd., formerly Reliance Infocomm Engineering Pvt. Ltd., along with its two directors, Anil Kalya and Tunu Sahu. The CBI alleges offences including criminal conspiracy, criminal misappropriation and cheating.
According to the agency, the chargesheet is based on its investigation into how funds were diverted. The CBI says Netizen Engineering Pvt. Ltd. was used as a pass-through entity for the alleged wilful diversion of funds by Reliance Communications Limited, leading to wrongful loss to lending banks and corresponding wrongful gain to the accused and related entities.
The case is registered on a complaint received from the State Bank of India (SBI). Sources also indicate the total exposure of public sector banks and financial institutions in the matter is Rs 19,694.33 crore. The CBI previously filed a first chargesheet on May 29, and it has continued further investigation, with additional chargesheets expected.
