CBI files 2nd charge sheet in RCom case, ₹971 crore SBI loss alleged
Synopsis
The CBI has now booked 20 accused in the RCom case after filing a second supplementary charge sheet against Reliance ADA Group MD Amitabh Jhunjhunwala, alleging he conspired to fraudulently avail a ₹1,200 crore loan that was never repaid — causing a ₹971 crore hit to SBI. With ₹19,694 crore in total bank exposure and the Supreme Court watching, this is one of India's largest ongoing corporate fraud probes.
Key Takeaways
The CBI filed a second supplementary charge sheet in the RCom case in Mumbai on 21 August .
Amitabh Jhunjhunwala , Managing Director of Reliance ADA Group , is accused of criminal conspiracy, misappropriation, and cheating.
The alleged wrongful loss to State Bank of India (SBI) is ₹971.25 crore , linked to a ₹1,200 crore term loan.
Total accused in the case now stands at 20 ; seven persons have been arrested and are in judicial custody.
The CBI has registered eight FIRs against four Reliance ADA Group entities, with total bank exposure of ₹19,694.33 crore .
The Supreme Court is monitoring the investigation.
The Central Bureau of Investigation (CBI) filed a second supplementary charge sheet in the Reliance Communications Limited (RCom) case before a special court in Mumbai on Friday, 21 August, naming Reliance ADA Group Managing Director Amitabh Jhunjhunwala as an accused. The agency alleges criminal conspiracy, criminal misappropriation, and cheating that caused a wrongful loss of over ₹971 crore to the State Bank of India (SBI).
What the Charge Sheet Alleges
According to the CBI, Jhunjhunwala held a pivotal position within the Reliance ADA Group and allegedly acted in pursuance of a criminal conspiracy to cheat the SBI. The agency claims he dishonestly and fraudulently facilitated the availing of a term loan of ₹1,200 crore for Reliance Communications Limited and Reliance Infratel Limited. Neither company repaid the loans, reportedly causing a wrongful loss of ₹971.25 crore to the bank, according to the CBI statement.
Scale of the Case
The CBI registered the original case on the basis of an SBI complaint. According to the First Information Report (FIR), the total exposure of Indian public sector banks and financial institutions in this matter stands at ₹19,694.33 crore — underscoring the scale of the alleged fraud. The Supreme Court is actively monitoring the investigation.
Previous Charge Sheets and Arrests
The CBI had filed its first charge sheet on 29 May this year, naming 16 accused persons, including Reliance Communications Limited itself, five senior company executives, and 10 bank officials. A subsequent supplementary charge sheet was filed against Netizen Engineering P Limited and its directors, Anil Jamna Kalya and Tunu Sahu. With the latest filing against Jhunjhunwala, the total number of accused in this case has risen to 20. The agency has so far arrested seven accused persons across the Reliance ADA Group cases, all of whom are currently in judicial custody.
Broader Reliance ADA Group Probe
The RCom case is part of a wider CBI investigation into the Reliance ADA Group. The bureau has registered eight FIRs against four group entities — Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), and Reliance Telecom Limited (RTL) — on complaints received from various public sector banks, the Life Insurance Corporation of India (LIC), and the Employees' Provident Fund Organisation (EPFO).
What Comes Next
The CBI has stated that further investigation continues against other accused persons and into additional aspects of the case. With the Supreme Court's oversight in place and the total bank exposure exceeding ₹19,694 crore, more filings and potential arrests cannot be ruled out as the probe widens.
Point of View
Suggesting investigators are working up the chain of command. What stands out is the scale: ₹19,694 crore in total public-sector bank exposure across four group entities, with LIC and EPFO also among the complainants. That means ordinary policyholders and salaried workers have skin in this case, a dimension that mainstream coverage routinely underplays. The Supreme Court's active monitoring is a double-edged signal — it accelerates accountability but also raises questions about why institutions of this size were extended such credit without adequate safeguards.
NationPress
21 Aug 2026
Frequently Asked Questions
What is the CBI's second supplementary charge sheet in the RCom case about?
The CBI filed a second supplementary charge sheet in the Reliance Communications (RCom) case on 21 August, accusing Reliance ADA Group MD Amitabh Jhunjhunwala of criminal conspiracy, misappropriation, and cheating. The agency alleges his actions caused a wrongful loss of ₹971.25 crore to the State Bank of India through an unpaid ₹1,200 crore term loan.
Who is Amitabh Jhunjhunwala and what is he accused of?
Amitabh Jhunjhunwala is the Group Managing Director of Reliance ADA Group. The CBI accuses him of playing a pivotal role in a criminal conspiracy to dishonestly and fraudulently avail a ₹1,200 crore term loan for Reliance Communications and Reliance Infratel, which was never repaid, causing a loss of over ₹971 crore to SBI.
How many people have been accused and arrested in the RCom case so far?
With the latest filing, a total of 20 persons have been booked in the RCom case. The CBI has arrested seven accused persons across the broader Reliance ADA Group cases, all of whom are currently in judicial custody.
What is the total financial exposure of banks in the Reliance ADA Group cases?
According to the FIR, the total exposure of Indian public sector banks and financial institutions in the RCom case alone is ₹19,694.33 crore. The CBI has registered eight FIRs across four Reliance ADA Group entities, with complaints from public sector banks, LIC, and EPFO.
Is the Supreme Court involved in the RCom fraud investigation?
Yes, the Supreme Court is actively monitoring the CBI's investigation into the Reliance ADA Group cases. The CBI has stated that further investigation against other accused persons and into other aspects of the case is ongoing.
