The Supreme Court on Friday sought a detailed progress report from two central agencies on the investigation into the bank fraud case involving billionaire Anil Ambani, questioning the role of the CBI in the investigation.
The most serious allegations of bank fraud are against Reliance Communications, a business owned by Anil Ambani. The authorities of the state-owned Bank of Baroda were the first to allege a bank fraud of about Rs 1.30 lakh crore. The complaint was filed with the CBI in 2020. The CBI filed an FIR in June 2025. But even there, no one holding the relevant government position was named.
Lawyer Prashant Bhushan argued this in the Supreme Court today. He was arguing in a public interest litigation filed by EAS Sharma, a former secretary-level officer in the Union Ministry. The hearing is underway in the bench of Chief Justice Surya Kant and Justice Jaymalya Bagchi.
Prashant Bhushan told the court that Bank of Baroda realized in 2020, after reviewing the audit report, that this business group had laundered the bank's money in various ways, taking it as a loan. So the CBI has been deciding for a long time. The court should pay attention to the progress of the investigation. After this argument, the judges said that the investigation is not over yet. Therefore, it is necessary to get a status report in a sealed envelope stating the stage of the investigation. The Supreme Court has also asked Anil Ambani to appear in person before the court and give his statement.
The PIL states that Rs 31,580 crore was transferred from 2013 to 2017 through Reliance Communications or RCom and its various subsidiaries. This loan was taken from a consortium of various banks led by State Bank of India. The forensic audit of the State Bank of India shows that huge amounts of loans have been simply laundered through other institutions. They have invested money in mutual funds in the name of investing in industries. Money has also been moved abroad.
@freemang2001gmail-com
- Beltala, Arabindanagar, P.O- Alipurduar Court, Dt- Alipurduar, Pin- 736122
- freemang2001@gmail.com
- +91 9775928076,
Form and Content in literary criticism
Every phenomenon or things has a certain content and is manifested in a certain form. Content is the totality of the components
সম্পাদকের কলমে
সম্পাদকের কলমে
Form and Content in literary criticism
Every phenomenon or things has a certain content and is manifested in a certain form. Content is the totality of the components
