Archive · 18 Nov 2025
SC to Examine Probe into Alleged Rs 20,000cr Anil Ambani Bank Fraud
The Supreme Court will look into a request to have a judge oversee an investigation into a big bank fraud case involving Anil Ambani's Reliance Communications.
The person asking for this wants a bigger investigation that includes bank officials who might have helped the fraud happen.
The case is about a lot of money, maybe Rs 20,000 crore, that could have been lost.
The person asking for the investigation thinks that some bank officials might have been involved and that the current investigation isn't looking into this enough.
Supreme Court to consider plea for court-monitored probe into alleged bank fraud by Anil Ambani's Reliance Communications Ltd
Petition seeks wider investigation beyond current ED and CBI probes
Allegations include Rs 20,000 crore loss to government exchequer
Petitioner claims investigating agencies have overlooked bank officials' involvement
Five-year delay in FIR filing by State Bank of India highlighted
- Who
- Anil Ambani, Reliance Communications Ltd, promoters, bank officials
- What
- Alleged large-scale bank fraud
- When
- Case to be examined by Supreme Court
- Where
- India
- Why
- Alleged Rs 20,000 crore loss to government exchequer
Petitioner's Stance
Investigating Agencies' Stance
Scope of Investigation
Petitioner's Stance
Petitioner seeks wider investigation including bank officials' involvement
Investigating Agencies' Stance
Current investigation by ED and CBI has not looked into this angle
Delay in FIR Filing
Petitioner's Stance
Petitioner highlights five-year delay by State Bank of India as suspicious
Investigating Agencies' Stance
Investigating agencies have not addressed this delay in their probes
- Petitioner
- E.A.S Sarma, former Union secretary
- Alleged Loss
- Rs 20,000 crore
- Investigating Agencies
- ED, CBI
- Delay in FIR Filing
- Five years by State Bank of India
- Alleged Fraudulent Activities
- Diversion, evergreening, fictitious transactions, use of shell entities
Sources
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Supreme Court to examine plea for probe into alleged Rs 20,000cr Anil Ambani bank fraud - Telegraph India