.jpeg)
Supreme Court Seeks Thorough Probe Into ₹27,337 Crore ADAG Banking Fraud Case
The Supreme Court stressed the need for a thorough investigation into the alleged banking fraud case involving the Anil Dhirubhai Ambani Group, in which the CBI has cited an estimated loss of approximately ₹27,337 crore.
The Apex Court ordered that there must be a thorough probe into a major financial fraud scandal involving the Anil Dhirubhai Ambani Group and its associated firms. According to the report submitted by the CBI, the loss caused is said to amount to around ₹27,337 crore in the seven total cases.
The matter has been fixed up for a hearing in July. On Friday, a bench consisting of Chief Justice Surya Kant and Justice Jaymalya Bagchi heard a public interest litigation filed by retired bureaucrat EAS Sharma, demanding a judicial inquiry into the fraudulent loans worth ₹40,000 crore obtained by Anil Dhirubhai Ambani Group (ADAG) firms.
The CBI informed the Supreme Court that nine FIRs have been registered, charge sheets filed in two of them, and investigations are ongoing in seven cases.
