Banking, corporate fraud: SC issues Anil Ambani fresh notice
text_fields
AI generated.
New Delhi: The Supreme Court on Friday issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the firm and its group companies, PTI reported.
The top court asked the CBI and the Enforcement Directorate, represented by Solicitor General Tushar Mehta, to file status reports in sealed cover in ten days on their ongoing probes into the alleged fraud.
A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the fact that Anil Ambani and the ADAG had already been served with the notices of the PIL filed by the petitioner and former Union secretary E A S Sarma.
On November 18, last year, the bench issued notices to the Centre, CBI, ED, Anil Ambani, and ADAG on the PIL.
The bench said it was granting the last opportunity to Anil Ambani and the ADAG to appear and file their responses in the case.
The bench asked the Bombay High Court's Registrar General to ensure service of notices on Anil Ambani and the ADAG and file a compliance report.
The bench then fixed the plea for hearing after 10 days.
Earlier, the bench took note of the submissions made by lawyer Prashant Bhushan, appearing for petitioner Sarma, and sought the replies of the parties. within three weeks.
The bench posted the PIL for further hearing after three weeks.
Bhushan alleged that the probe agencies are not investigating the alleged complicity of banks and their officials in the huge banking fraud.