- By Raju Kumar
- Fri, 29 May 2026 10:52 PM (IST)
- Source:JND
Reliance ADA Loan Case: The Central Bureau of Investigation (CBI) on Friday filed its first charge sheet before a special court in Mumbai in the bank loan fraud case linked to the Reliance ADA Group firm. The CBI named 16 persons in a case related to the alleged misuse of loans sanctioned by the State Bank of India and other lenders to the Reliance ADA Group company.
Who Are Accused In The Case?
According to the charge sheet, Reliance Communications Limited, five senior executives of the company, and ten officials of the SBI, Bank of Maharashtra (BOM) and the erstwhile Syndicate Bank were named in the case.
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What Are Allegations Against Accused?
Senior officials of Reliance Communications Limited, SBI, BOM and Syndicate Bank were charged with criminal conspiracy, cheating and criminal misappropriation under the IPC, and criminal misconduct under the Prevention of Corruption Act. The CBI, in a press release, said the charge sheet pertained to alleged misuse of a Rs 1,200 crore term loan sanctioned by the SBI, Rs 500 crore letter of credit facilities sanctioned by BOM, and Rs 350 crore letter of credit facilities sanctioned by Syndicate Bank. The agency registered the case on SBI's complaint against Reliance Communications Limited and Anil Ambani for allegedly causing a loss of Rs 2,929.05 crore to the bank, the press note said.
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Further investigation has been kept open to probe other loans sanctioned by the consortium of banks and to ascertain the role of other conspirators involved in the alleged diversion and misappropriation of public funds, the CBI said.
"Rupee Term Loans" were sanctioned to Reliance Communications Limited by a consortium of 11 banks led by SBI. As per the FIR, the total exposure amounted to Rs 19,694.33 crore and involved 17 Public Sector Banks.
CBI has also registered 6 FIRs against Rcom, RHFL, RCFL and RTL, which are under investigation. The investigation into the seven RCs ( regular cases) registered by the CBI to investigate the alleged fraud committed by Anil Ambani-led Reliance ADA Group companies is being monitored by the Supreme Court.
(With PTI Inputs)