1 week ago
CBI Files Second Supplementary Chargesheet in RCom Loan Case
The Central Bureau of Investigation filed another charge sheet in a loan case involving Reliance Communications Limited.
It accused Amitabh Jhunjhunwala of helping to cheat the State Bank of India.
The case concerns loans worth Rs 1,200 crore taken for two Reliance companies.
The CBI says the loans were not repaid.
It estimates that this caused the bank to lose about Rs 971.25 crore.
Earlier filings named other company executives, bank officials and a company with two directors.
The latest filing brings the total number of accused persons and entities to 20.
Seven people have been arrested and are in judicial custody, while the investigation continues.
The CBI accused Reliance ADA Group Managing Director Amitabh Jhunjhunwala of criminal conspiracy, misappropriation and cheating.
The case involves Rs 1,200 crore in term loans obtained for Reliance Communications Limited and Reliance Infratel Limited.
The CBI said non-repayment caused a wrongful loss of around Rs 971.25 crore to the State Bank of India.
The latest filing brings the total number of accused persons and entities charge-sheeted to 20.
Seven accused persons have been arrested, while further investigation continues under Supreme Court monitoring.
- Who
- The CBI accused Amitabh Jhunjhunwala, Reliance Communications Limited, Reliance Infratel Limited and other individuals and entities.
- What
- The CBI filed a second supplementary chargesheet alleging criminal conspiracy, criminal misappropriation and cheating in connection with term loans.
- Where
- The chargesheet was filed before the Special Judge for CBI Cases in Mumbai.
- When
- The second supplementary chargesheet was filed on Friday; the first chargesheet was filed on May 29.
- Why
- The CBI alleges that the loans were dishonestly obtained and not repaid, causing an estimated loss of Rs 971.25 crore to the State Bank of India.
Key facts
- Latest filing
- Second supplementary chargesheet against Amitabh Jhunjhunwala
- Loan amount
- Rs 1,200 crore in term loans
- Alleged SBI loss
- Around Rs 971.25 crore
- Total public-sector exposure
- Rs 19,694.33 crore, according to the FIR
- Total accused charge-sheeted
- 20 persons and entities
- Arrests
- Seven accused persons; all are currently in judicial custody
- Investigation status
- Further investigation into other accused persons and other aspects is continuing
Quotes
CBI official statement
Statement issued by the Central Bureau of Investigation
“With the second supplementary chargesheet filed against Amitabh Jhunjhunwala, a total of 20 accused persons have been charge-sheeted in this case”
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Sources
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