New Delhi, July 17 (IANS). The Central Bureau of Investigation (CBI) on Friday filed the second chargesheet in the Reliance Communications Limited (RCom) loan fraud case. In this, a company and its two directors have been named on charges of criminal conspiracy, criminal embezzlement and fraud in a case related to fund diversion.
This chargesheet has been filed in the special court for CBI cases in Mumbai against Netizen Engineering Pvt Ltd (formerly Reliance Infocom Engineering Pvt Ltd) and its two directors Anil Kalya and Tunu Sahu.
According to CBI, investigation has revealed that Netizen Engineering Private Limited was allegedly used as a pass-through entity by Reliance Communications Limited.
The agency alleges that funds were deliberately diverted through this channel, causing wrongful financial loss to the lending banks, while the accused and their associated entities got undue benefits.
The investigating agency said that this case was registered on the basis of the complaint of State Bank of India (SBI).
According to the FIR, the total exposure of public sector banks and financial institutions in this case is Rs 19,694.33 crore.
“It is noteworthy that this case was registered on the basis of a complaint received from the State Bank of India. As per the FIR, the total exposure of public sector banks and financial institutions in this case is Rs 19,694.33 crore,” the CBI said in its statement.
Earlier on May 29, CBI had filed the first charge sheet in this case, in which 16 accused were named, including Reliance Communications Limited, five senior officials of the company and 10 bank officials.
The investigating agency said that further investigation of the case will continue, so that the role of other accused and other aspects of the case can also be investigated.
CBI also informed that so far 7 FIRs have been registered against Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL) and Reliance Telecom Limited (RTL) on the basis of complaints received from various public sector banks and Life Insurance Corporation of India (LIC).
–IANS
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