Supreme Court Calls for Transparent Probe into Ambani Group Banking Fraud

The Supreme Court has reprimanded the CBI and ED for their hesitation in investigating a massive bank fraud case involving the Anil Dhirubhai Ambani Group. The court has mandated a fair and timely inquiry, following allegations of a Rs 73,000 crore financial scam, urging full cooperation from financial institutions.

The Supreme Court expressed its dissatisfaction with the CBI and ED over their reluctance in investigating an alleged large-scale bank fraud linked to the Anil Dhirubhai Ambani Group.

A bench, led by Chief Justice Surya Kant, ordered a fair, transparent, and time-bound investigation, urging complete cooperation from financial bodies.

The case involves accusations of systematic fund diversion and fabrication of financial reports, with the alleged fraud estimated to exceed Rs 73,000 crore.

(With inputs from agencies.)