New Delhi, July 8 -- The Central Bureau of Investigation on Tuesday filed a chargesheet in its probe into alleged irregularities at Reliance Commercial Finance Limited (RCFL), naming five former senior executives of the company and two Reliance Group entities, the agency said in a statement. Those named in the chargesheet include Reliance Infrastructure Ltd and Reliance Home Finance Limited (RHFL), along with former RCFL executives Devang Pravin Mody (former director and chief executive officer), Ravindra Somayajula Rao (former director), Dhananjay Bhagwanprasad Tiwari (former director), Rajesh Krishnamoorthy (former executive risk officer) and Lav Chaturvedi (former chief risk officer). The CBI said they have been charged with offences including criminal conspiracy and cheating for allegedly causing substantial losses to a consortium of public sector banks. "Investigation revealed that funds borrowed by RCFL were diverted through intermediary and conduit entities to various Reliance ADA Group companies in violation of the terms and conditions governing such borrowings, thereby causing wrongful loss to the lending banks and corresponding wrongful gain to the accused persons and related entities," said a CBI spokesperson in the statement. The case was registered on complaints by the Bank of Maharashtra and other members of the lending consortium. According to the CBI, the alleged fraud caused losses of Rs.4,097 crore to 13 public sector banks. The agency said further investigation is continuing to ascertain the role of other directors, entities and public servants, and a supplementary chargesheets may be filed. So far, the CBI has arrested Amitabh Jhunjhunwala, former vice-chairman of Reliance Capital Ltd; Devang Pravin Mody, former CEO of RCFL; and Amit Bapna, former CFO of Reliance Capital Ltd. Jhunjhunwala and Mody are in judicial custody, while Bapna remains in CBI custody. HT has reached out to a Reliance spokesperson for comment on the chargesheet but did not get a response till the time of going to press....