The Supreme Court of India has directed the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to conduct fair and prompt investigations into banking fraud cases involving Anil Ambani Group (ADAG) companies. The court emphasised that the probes should be thorough, impartial, and completed without unnecessary delays to ensure accountability and justice.
The matter came up before the bench following petitions and representations highlighting alleged financial irregularities and defaults by ADAG firms in loans obtained from various banks. The Supreme Court noted the public interest involved and stressed the need for transparency in the ongoing investigations by both central agencies.
The bench also directed that the concerned banks and regulatory authorities cooperate fully with the CBI and ED during their investigations. Officials of ADAG companies were instructed to provide all necessary documents and information to facilitate the probes. The Supreme Court’s order aims to reinforce the integrity of the investigative process and ensure timely resolution of high-profile financial fraud cases in India.
