Supreme Court criticizes ED and CBI in ADAG fraud case
pre-market1 source ↓written by the desknot a recommendation
- bank loan fraud
- ₹40,000 cr
The Supreme Court criticized the unexplained delay by the Enforcement Directorate in investigating the ₹40,000 cr bank loan fraud involving Anil Dhirubhai Ambani Group companies. It also questioned the CBI's approach of registering only one FIR for multiple complaints, emphasizing the need for separate investigations for each transaction. The Court directed the CBI to explore potential collusion among bank officers.
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