CBI files second chargesheet in Reliance Home Finance fund diversion case

The Central Bureau of Investigation (CBI) has filed a second chargesheet in the Reliance Home Finance Limited (RHFL) case, naming 11 accused individuals and entities. The chargesheet was submitted to a special CBI court in Mumbai on October 1, 2026.

The investigation alleges the diversion of 7,429.16 crore rupees. According to the agency, funds raised by RHFL as loans were allegedly channeled through intermediary and conduit companies to various entities within the Reliance ADA Group, violating the terms set by lenders.

Among the named individuals are RHFL Director and CFO Amit Bapna, Reliance Capital Group MD and Vice Chairman Amitabh Jhunjhunwala, and Reliance Power CFO Suresh Nagrajan. The company’s statutory auditor, Chartered Accountant Vijay Navpaliya, has also been charged. Additionally, seven companies—including Reliance Infrastructure, Reliance Power, and Reliance Big Entertainment—are named as accused.

The case originated from complaints by a consortium of public sector banks, including Union Bank of India. The investigation into the Reliance ADA Group is reportedly being conducted under the supervision of the Supreme Court.