The Central Bureau of Investigation (CBI) on Friday filed the first chargesheet in one of the Reliance Anil Dhirubhai Ambani (ADA) group cases before the Special Judge for CBI cases, Mumbai, against 16 accused persons, including M/s Reliance Communications Limited, five senior executives of the company, and 10 bank officials of the State Bank of India (SBI), Bank of Maharashtra, and the erstwhile Syndicate Bank, for offences of criminal conspiracy, cheating, criminal misappropriation under the IPC, and criminal misconduct under the Prevention of Corruption Act.
The chargesheet covers the investigation pertaining to the alleged misuse of the Rs 1,200 crore term loan sanctioned by the SBI, the Rs 500 crore Letter of Credit facilities sanctioned by Bank of Maharashtra, and the Rs 350 crore Letter of Credit facilities sanctioned by the erstwhile Syndicate Bank.
Further investigation in the case has been kept open to probe other loans sanctioned by the consortium banks and to ascertain the role of other conspirators involved in the alleged diversion and misappropriation of public funds.
Supplementary chargesheets are expected to be filed soon in the case, CBI sources said.
Pertinently, the CBI had registered the case on the basis of a complaint received from the SBI against M/s Reliance Communications Limited and Anil D Ambani for allegedly causing a loss of Rs 2,929.05 crore to the bank.
Rupee Term Loans were sanctioned to M/s Reliance Communications Limited by a consortium of 11 banks led by the SBI.
As per the FIR, the total exposure amounted to Rs 19,694.33 crore involving 17 public sector banks.
CBI has also registered six FIRs against Rcom, RHFL, RCFL and RTL which are under investigation.
The investigation in the seven RCs registered by the CBI to investigate the alleged fraud committed by Anil Ambani-led Reliance Group companies is being monitored by the Supreme Court.
