CBI files 2nd chargesheet in RCom loan fraud; ₹19,694 crore at stake
Synopsis
The CBI's second chargesheet in the RCom loan fraud case zeroes in on a little-known pass-through entity — Netizen Engineering — allegedly used to siphon funds away from public sector banks. With seven FIRs filed across four Reliance Group companies and ₹19,694.33 crore in total exposure, the investigation is widening, not winding down.
Key Takeaways
The CBI filed its second chargesheet on 17 July in the RCom loan fraud case before the Special CBI Court in Mumbai .
Accused include M/s Netizen Engineering Pvt.
Ltd. and its directors Anil Kalya and Tunu Sahu .
Total exposure of public sector banks and financial institutions stands at ₹19,694.33 crore as per the FIR.
The first chargesheet, filed on 29 May , named 16 accused including RCom and five senior executives.
The CBI has registered seven FIRs across RCom, RHFL, RCFL , and RTL based on complaints from public sector banks and LIC .
Further investigation remains open to determine the roles of additional accused.
The Central Bureau of Investigation (CBI) on Friday, 17 July filed a second chargesheet in the Reliance Communications Limited (RCom) loan fraud case before the Special Judge for CBI Cases in Mumbai, naming M/s Netizen Engineering Pvt. Ltd. (formerly Reliance Infocomm Engineering Pvt. Ltd.) and its two directors, Anil Kalya and Tunu Sahu, for alleged criminal conspiracy, criminal misappropriation, and cheating. The case involves a total bank and financial institution exposure of ₹19,694.33 crore, as stated in the original FIR.
The Role of Netizen Engineering
According to the CBI, its investigation established that Netizen Engineering Pvt. Ltd. was allegedly deployed by RCom as a pass-through entity to facilitate the wilful diversion of funds. The agency contends this arrangement caused wrongful losses to lending banks while generating corresponding wrongful gains for the accused and associated entities. The case was originally registered on the basis of a complaint filed by the State Bank of India (SBI).
The First Chargesheet and Broader Probe
The second chargesheet follows an earlier filing on 29 May, when the CBI had charged 16 accused — including Reliance Communications Limited, five of its senior executives, and ten bank officials. The agency has clarified that further investigation remains open to determine the roles of other accused persons and to examine additional dimensions of the case.
Seven FIRs Across the Reliance Group
The CBI has registered a total of seven FIRs in connection with alleged fraud across multiple Reliance Group entities — Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), and Reliance Telecom Limited (RTL). These FIRs were filed on the basis of complaints from various public sector banks and the Life Insurance Corporation of India (LIC).
What Comes Next
With the investigation still open and seven FIRs spanning multiple group entities, the CBI probe appears far from its conclusion. Legal proceedings before the Special CBI Court in Mumbai are expected to advance as the agency continues to examine the roles of additional accused. The scale of alleged fund diversion — touching public sector banks and LIC — makes this one of the larger ongoing corporate fraud investigations in India.
Point of View
The probe's perimeter is expanding in ways that could implicate a wider network of intermediaries. The critical question mainstream coverage is underplaying: how many such pass-through entities remain unchargesheeted, and what does that say about the pace of India's large-ticket bank fraud prosecutions, where trials routinely stretch for years after chargesheet filing?
NationPress
17 Jul 2026
Frequently Asked Questions
What is the CBI's second chargesheet in the RCom loan fraud case about?
The CBI filed its second chargesheet on 17 July before the Special CBI Court in Mumbai, naming M/s Netizen Engineering Pvt. Ltd. and its two directors, Anil Kalya and Tunu Sahu, for alleged criminal conspiracy, criminal misappropriation, and cheating. The company is accused of being used as a pass-through entity by RCom to divert funds, causing wrongful losses to lending banks.
What is the total amount involved in the RCom loan fraud case?
According to the FIR, the total exposure of public sector banks and financial institutions in the case amounts to ₹19,694.33 crore. The case was originally registered on the basis of a complaint from the State Bank of India.
Who was named in the CBI's first chargesheet in this case?
The CBI filed its first chargesheet on 29 May, naming 16 accused — including Reliance Communications Limited, five of its senior executives, and ten bank officials. The second chargesheet now adds Netizen Engineering and its two directors to the list of accused.
How many FIRs has the CBI registered in connection with Reliance Group entities?
The CBI has registered seven FIRs covering four Reliance Group entities: Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), and Reliance Telecom Limited (RTL). These were filed based on complaints from public sector banks and the Life Insurance Corporation of India (LIC).
Is the CBI investigation in the RCom fraud case complete?
No. The CBI has stated that further investigation remains open to determine the roles of other accused persons and examine additional aspects of the case. With seven FIRs filed and multiple entities under scrutiny, the probe is ongoing.
