US EditionEx-Union secretary seeks SC-monitored probe into alleged bank fraud by RCOM, Anil Ambani
The petition highlights alleged ₹20,000 crore bank fraud by Reliance Communications and delays by State Bank of India in filing complaints, seeking court-monitored investigation.
- On Tuesday , the Supreme Court of India agreed to examine a petition by former government secretary E.A.S. Sarma and issued notices to the Centre, the CBI and the ED.
- The petition alleges that the Anil Ambani-led Reliance ADA Group engaged in systematic diversion and fabrication, citing an October 2020 forensic audit that SBI delayed acting on for nearly five years.
- With alleged write-offs exceeding 1,800, the petition says subsidiaries caused losses of over ₹1,800 crore and claims bank officials, auditors, and regulators are unprobed.
- The bench of Chief Justice B.R. Gavai and Justice K. Vinod Chandran sought replies within the three-week timetable as the PIL was posted for further hearing.
- The plea cites a Bombay High Court decision that 'recognised' findings of fraud and diversion, involving loans of ₹20,000 crore from 2013 to 2017, with respondents including the Union government, the ED, CBI, and the Anil Dhirubhai Ambani Group.
14 Articles
14 Articles
SC seeks Centre, CBI and ED’s Replies on PIL Alleging Massive RCom Banking Fraud
The Supreme Court issued notices to the Centre, probe agencies and Anil Ambani after a PIL sought a court-monitored investigation into alleged large-scale fund diversion and complicity of banks in the Reliance Communications fraud case.
Supreme Court seeks CBI, ED response on plea for independent probe into alleged bank fraud by Anil Ambani companies
The plea stated that the investigation into the alleged bank fraud by Anil Ambani-promoted Reliance Communications Ltd should not be limited to the 2025 FIR and related investigations by ED.
The Hindu Business Line
SC issues notices to Centre, CBI, ED, Anil Ambani on PIL alleging massive RCom fraud
The Supreme Court on Tuesday issued notices to the Centre, CBI, ED, Anil Ambani and others on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving Reliance Communications (RCOM), its group companies and their promoter.
Ex-Union secretary seeks SC-monitored probe into alleged bank fraud by RCOM, Anil Ambani
The PIL, filed by former Union secretary Emani Anantha Satyanarayana Sarma (EAS Sarma), alleges that RCOM, Reliance Infratel, and Reliance Telecom diverted ₹31,580 crore in bank loans.
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