4 months ago
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The Supreme Court connected Friday (January 23, 2026) issued caller notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) connected a PIL seeking a court-monitored probe into alleged monolithic banking and firm fraud involving the steadfast and its radical companies.
The apical tribunal asked the CBI and the Enforcement Directorate, represented by Solicitor General Tushar Mehta, to record presumption reports successful sealed screen successful 10 days connected their ongoing probes into the alleged fraud.
A Bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took enactment of the information that Anil Ambani and the ADAG had already been served with the notices of the PIL filed by petitioner and erstwhile Union caput E.A.S. Sarma.
On November 18, past year, the Bench issued notices to the Centre, CBI, ED, Anil Ambani and ADAG connected the PIL.
The Bench said it was granting the past accidental to Anil Ambani and the ADAG to look and record their responses successful the case.
The Bench asked the Bombay High Court's Registrar General to guarantee work of notices connected Anil Ambani and the ADAG and record a compliance report.
The Bench past fixed the plea for proceeding aft 10 days.
Earlier, the Bench took enactment of the submissions made by lawyer Prashant Bhushan, appearing for petitioner Sarma, and sought the replies of the parties wrong 3 weeks. The Bench posted the PIL for further proceeding aft 3 weeks.
Mr. Bhushan alleged that the probe agencies are not investigating the alleged complicity of banks and their officials successful the immense banking fraud.
He sought a absorption to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to record respective presumption reports with respect to the probe against banks and their officials successful the case.
Mr. Bhushan submitted that the instant lawsuit is "probably the largest firm fraud successful India's history".
The FIR was registered successful 2025 though the fraud was going connected since 2007-08, the lawyer alleged.
"We privation a presumption study from the ED and the CBI connected what they are investigating. Clearly, they are not probing the collusion by the banks," helium said.
The PIL alleged systematic diversion of nationalist funds, fabrication of fiscal statements and organization complicity crossed aggregate entities of the Anil Ambani-led Reliance ADAG. It said the FIR registered by the CBI connected August 21, on with the connected ED proceedings, addresses simply a tiny conception of the alleged fraud.
