New Delhi, Jan 23 (KNC): The Supreme Court has issued fresh notices to industrialist Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) in connection with a Public Interest Litigation (PIL) alleging large-scale banking and corporate fraud involving the group and its companies.
As per news agency Kashmir News Corner — KNC, A bench headed by the Chief Justice directed the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to submit sealed status reports within ten days on the progress of their investigations.
The court noted that notices in the matter had earlier been issued to all concerned parties, including Ambani and ADAG.
The apex court observed that despite earlier directions, responses from Anil Ambani and the group were still awaited, and granted them a final opportunity to appear and file their replies. It also instructed the Registrar General of the Bombay High Court to ensure proper service of notices and submit a compliance report.
During the hearing, the court took note of submissions made by senior advocate Prashant Bhushan, appearing for petitioner and former Union Secretary E.A.S. Sarma, who alleged that investigative agencies were not examining the role of banks and their officials in the alleged fraud. Bhushan claimed the case could be among the largest corporate frauds in the country, involving systematic diversion of public funds and falsification of accounts over several years.
The court has listed the matter for further hearing after ten days, while seeking detailed updates from the probe agencies on the scope and status of their investigations. (KNC)
