Archive · 18 Nov 2025
SC Seeks Replies on PIL Alleging Massive Banking, Corporate Fraud at ADAG
The Supreme Court has asked the Indian government, CBI, ED, Anil Ambani, and the Anil Dhirubhai Ambani Group (ADAG) to respond to a plea alleging a massive banking and corporate fraud involving the ADAG and its group companies.
The petitioner, a former Union secretary, claims that the probe agencies are not investigating the alleged complicity of banks and their officials in the huge banking fraud.
The court has sought the replies within three weeks and will hear the case after that.
Supreme Court seeks responses from Centre, CBI, ED, Anil Ambani, and ADAG
Petition alleges systematic diversion of public funds and institutional complicity
Court to hear the case after three weeks
Petitioner seeks court-monitored probe into alleged fraud involving ADAG and its group companies
Fraud allegedly involves complex transactions, shell entities, and delayed fraud classification
- Who
- Supreme Court, Indian government, CBI, ED, Anil Ambani, ADAG, Petitioner (former Union secretary E.A.S. Sarma)
- What
- Sought responses on PIL alleging massive banking and corporate fraud at ADAG
- When
- Tuesday, November 2025
- Where
- Supreme Court of India
- Why
- To investigate alleged massive banking and corporate fraud involving ADAG and its group companies
Petitioner's Stance
ADAG's Stance
Alleged Complicity of Banks
Petitioner's Stance
Petitioner alleges banks and their officials are involved in the fraud
ADAG's Stance
ADAG's response not explicitly stated in the articles
- Petitioner
- Former Union secretary E.A.S. Sarma
- Alleged Fraud Amount
- Rs 31,580 crore
- Alleged Loss
- Rs 2,929.05 crore
- Period of Alleged Wrongdoing
- 2013 to 2017
- ADAG Status
- Under investigation
Sources
SC seeks replies from Centre, CBI, ED and Anil Ambani on plea alleging massive fund diversion at RCom
Supreme Court seeks CBI, ED response on plea for independent probe into alleged bank fraud by Anil Ambani companies
SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL
SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL alleging massive banking, corporate fraud
