Reliance Infrastructure faces CBI, ED actions in 2026

Reliance Infrastructure flags multiple legal developments

Reliance Infrastructure Ltd (RInfra) told stock exchanges it has been named as an accused in a chargesheet filed by the Central Bureau of Investigation (CBI) in the Reliance Commercial Finance Ltd (RCFL) matter. The company said it learned about this development through a CBI press release, and disclosed it under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. RInfra added that it would take appropriate steps to safeguard its interests, and those of shareholders and stakeholders, based on legal advice.

In parallel, RInfra also referred to Enforcement Directorate (ED) filings under the Prevention of Money Laundering Act (PMLA), 2002. It said it learned from media reports and an ED press release that the agency had filed a prosecution complaint before a Special Court under the PMLA, naming the company as an accused. Separately, RInfra disclosed receiving legal notices connected to ED-linked complaints.

What the CBI said about the RCFL case

As per the information reported, the CBI filed a supplementary chargesheet against three former executives of the Reliance ADA Group in connection with what was described as the ₹9,280 crore RCFL scam case. The CBI, in a statement, named the following individuals in the supplementary chargesheet filed before a special CBI court in Mumbai:

• Amitabh Jhunjhunwala, Group Managing Director, Reliance ADA Group
• Amit Bapna, Chief Financial Officer, Reliance Capital (RCL)
• Ramesh Shenoy, Company Secretary, Reliance Infrastructure Ltd

The agency also said it named 14 more entities in the supplementary chargesheet.

Companies and individuals named as accused

A CBI spokesperson also stated that seven companies and one private individual were named as accused in the chargesheet. The companies listed were:

• Reliance Infrastructure Ltd
• Reliance Power Ltd
• Reliance Big Entertainment Pvt Ltd
• Reliance Broadcast Network Ltd
• Reliance Business Broadcast News Holdings Ltd
• Reliance MediaWorks Financial Services Pvt Ltd
• Kunjbihari Developers Pvt Ltd

The individual named was Vijay Napawaliya, a chartered accountant who was stated to be the statutory auditor of Reliance Home Finance Ltd (RHFL). The accused were charged for offences involving criminal conspiracy and cheating under the Indian Penal Code (IPC), as per the information provided.

Separate CBI case details: alleged bank loss of ₹4,097 crore

In another description of the RCFL matter, the CBI was reported to have filed its first chargesheet against five former senior executives of RCFL for allegedly causing a loss of ₹4,097 crore to a consortium of 13 public sector banks through diversion of funds.

In that chargesheet, two Reliance Group companies were stated to have been named as accused: Reliance Infrastructure Ltd and Reliance Home Finance Ltd (RHFL). The five former senior executives named in that filing were:

• Devang Pravin Mody, former Director and CEO
• Ravindra Somayajula Rao, former Director
• Dhananjay Bhagwanprasad Tiwari, former Director
• Rajesh Krishnamoorthy, former Executive Risk Officer
• Lav Chaturvedi, former Chief Risk Officer

ED prosecution complaint under PMLA: what RInfra disclosed

RInfra said it learned from media reports and an ED press release that the ED had filed a prosecution complaint under the PMLA before a Special Court, naming the company as an accused. According to the information cited, one ED-linked matter relates to an alleged ₹187 crore money-laundering case connected to four National Highways Authority of India (NHAI) toll-road projects.

RInfra also flagged that it had received legal notices linked to ED proceedings, including a pre-cognizance notice. The company stated that financial implications were not ascertainable at that stage, based on its disclosures.

Pre-cognizance notice and legal process disclosures

RInfra disclosed receiving a pre-cognizance notice from the Special Judge, CBI, New Delhi, under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. In the company’s case, it said the pre-cognizance notice was received on August 17, 2026.

The broader set of disclosures also brought Reliance Power shares into focus alongside Reliance Infrastructure, as both companies were stated to have disclosed receiving pre-cognizance notices from a Special Judge, CBI, New Delhi. The filings and notices described were presented as part of the legal process stage, and the disclosures noted that such proceedings do not, by themselves, establish guilt.

Asset attachment and stated amount under PMLA

The information also stated that the ED provisionally attached certain Reliance Infrastructure assets, including Reliance Power shareholding, for an aggregate amount of ₹179.66 crore under the PMLA. This attachment amount was cited as creating a corresponding stated financial implication in the disclosures referenced.

In addition, RInfra referred to another ED-related complaint involving an alleged amount of around ₹3,000 crore, described as connected to RHFL and other associated entities.

Key facts table

Timeline of reported and disclosed events

Market impact: what investors tracked

The developments kept Reliance Infrastructure and Reliance Power on investor watchlists because they involved multiple agencies and parallel legal processes. The company’s exchange filings focused on process updates and stated that it would take appropriate legal steps based on advice. It also said the financial implications were not ascertainable at that stage, even as specific amounts were cited in relation to ED actions, including the ₹179.66 crore provisional attachment.

For investors, the immediate information set was largely procedural: disclosures under SEBI LODR, the naming of entities and individuals as accused, and references to pending adjudication before special courts. The factual record in the disclosures and reports centred on the scope of allegations, the statutes involved, and the entities listed in the chargesheets and complaints.

Why the story matters

The combination of a CBI chargesheet in the RCFL matter and ED proceedings under PMLA places governance and compliance scrutiny at the centre of the market narrative around Reliance group-linked entities. The details cited include allegations of diversion of funds leading to a stated bank loss of ₹4,097 crore, and money-laundering allegations with stated amounts such as ₹187 crore, as well as a provisional attachment of ₹179.66 crore.

From a public markets standpoint, RInfra’s filings also show how listed companies communicate legal developments to investors: identifying the trigger (press releases or court notices), stating the stage of proceedings, and clarifying that implications may not be quantifiable immediately. The next visible steps, based on the disclosures cited, would be the progression of these matters in the respective special courts.

Conclusion

Reliance Infrastructure’s 2026 disclosures show it facing multiple legal proceedings tied to the RCFL matter and ED actions under PMLA. The company has said it will pursue appropriate legal measures to safeguard stakeholder interests, while noting that financial implications are not ascertainable at the current stage. The key next milestones will be court proceedings in the CBI and PMLA special courts, along with any further regulatory disclosures the company may make.