CBI Names 3 Senior ADAG Executives and 7 Companies in Second RHFL Chargesheet
Times of India · business
The CBI has filed its second chargesheet in the Rs 7,429-crore Reliance Home Finance Ltd (RHFL) alleged loan diversion case, naming 11 accused. Among those charged are three senior executives from the Reliance ADA Group and seven corporate entities. The chargesheet alleges criminal conspiracy and cheating, leading to wrongful losses for public sector banks. RHFL allegedly siphoned off funds through intermediary entities, diverting them to other group companies in violation of lending terms. This filing brings the total accused in the RHFL case to 15, with further investigations ongoing.