CBI files first chargesheet in Reliance Home Finance Limited case; cites ₹3,526 crore loss
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📌 Summary:
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The CBI has filed its first chargesheet against four accused in the Reliance Home Finance Limited (RHFL) case, citing a loss of ₹3,526 crore
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Those named include two former senior RHFL executives — Ravindra Sudhalkar (then executive director & CEO) and Krishanan Gopalakrishnan Iyer (then chief risk officer) — and Dhananjay Bhagwanprasad Tiwari, then chief credit and risk officer of Reliance Capital Limited
🎯 UPSC Relevance: GS2 Governance — corporate governance failures in NBFCs/housing finance companies, accountability of senior management, and the role of investigative agencies in financial fraud.
📝 Prelims Facts:
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CBI functions under the Department of Personnel and Training (DoPT); it derives police powers from the Delhi Special Police Establishment Act, 1946
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The RHFL case involves an alleged loss of ₹3,526 crore; this is the first chargesheet, naming four accused
🔑 Key Term: Chargesheet — the final investigation report filed by police/agency before a court detailing the charges and evidence against the accused.
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