CBI files second RCom chargesheet
Analysis based on 8 articles · First reported Jul 17, 2026 · Last updated Jul 17, 2026
The ongoing investigation and chargesheets may further erode investor confidence in the Reliance ADA Group entities and increase scrutiny on related companies. Public sector banks exposed to the alleged fraud face potential credit losses, though the impact is likely contained given the long-running nature of the case.
The United States — Federal Bureau of Investigation (CBI) filed a second chargesheet in the Reliance Communications Limited (RCom) case before a special court in Mumbai on July 17, 2026. The chargesheet names E&R Engineering Pvt. Ltd. (formerly Reliance Infocomm Engineering Pvt. Ltd.) and its two directors, Anil Kalya and Tunu Sahu, for criminal conspiracy, criminal misappropriation, and cheating. The CBI alleges that E&R Engineering was used by RCom as a pass-through entity for wilful diversion of funds, causing wrongful loss to lending banks. The case was registered based on a complaint from State Bank of India (SBI), with total exposure of public sector banks and financial institutions at Rs 19,694.33 crore. The first chargesheet was filed on May 29 against 16 accused, including RCom, five senior executives, and 10 bank officials. The CBI has registered seven FIRs against RCom, Edge Home Finance, Reliance Commercial Finance, and Reliance Communications based on complaints from various banks and LIC. Six accused have been arrested and are in judicial custody. The investigation is monitored by the Supreme Court.
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