NEW DELHI: Supreme Court Tuesday entertained a PIL accusing Anil Dhirubhai Ambani Group (ADAG) companies of committing “one of the largest corporate frauds” by siphoning an estimated Rs 40,000 crore from banks through loans, and seeking a court-monitored probe by CBI and ED into the allegations, reports Dhananjay Mahapatra.After briefly hearing advocate Prashant Bhushan, who appeared for petitioner E A S Sarma, a bench of CJI Bhushan R Gavai and Justice K Vinod Chandran sought responses from the central govt, CBI, ED and Anil Ambani. When Bhushan requested Supreme Court to seek a probe status report from CBI and ED, the SC bench said it would be considered after receiving their responses.The petition alleged that ADAG companies – Reliance Communications (RCOM), Reliance Infratel (RITL) and Reliance Telecom (RTL) – had cumulatively received loans to the tune of Rs 31,850 crore from a consortium of public sector banks led by State Bank of India between 2013 and 2017.End of ArticleFollow Us On Social MediaVideosAnmol Bishnoi, Accused In Baba Siddique Murder Case, To Be Deported To India From USIndia-Russia Ties: EAM Jaishankar Meets President Putin In Moscow’Some Last-Mile Issues…’: Piyush Goyal Remarks On Trade Pact With EU And US, India’s Export GrowthThe Ghost Of Bastar Falls: What Madvi Hidma’s Death Means For India’s War Against Maoist InsurgencyBathani Tola: 30 years on, justice still elusive for Bihar’s worst caste massacreShashi Tharoor Praises PM Modi Again, Sparks Fresh Congress Rift After Attending Goenka Lecture’I Did Not Say…’: Prashant Kishor Takes U-Turn On Vow To Quit Politics If JDU Wins Bihar PollsIndia Will Sign Trade Deal Only When It Is ‘Fair, Equitable And Balanced’: Piyush GoyalNarayana Murthy Sparks Fresh Storm By Urging to Adopt China’s 996 Model, Work 72 Hours Every WeekIran Halts Visa Waiver For Indians Amid Criminal Exploitation And MEA Safety Warning Alerts123PhotostoriesKiara Advani packs a lineup of must-see Bollywood hits you should watch right away8 underrated South Indian rice dishes perfect for a light and healthy dinner5 animals that can survivein extremely cold temperatures6 lower ab workouts to strengthen your coreThis Guava Paneer Avocado Salad has 25 gms protein and why it needs a place in daily breakfast5 natural home remedies to detoxify the liverChia seeds in water vs chia seeds in milk: Which is more beneficial for healthFrom teeth-brushing battles to screen time: Kareena Kapoor Khan’s honest parenting tales7 Japanese techniques to overcome laziness and boost productivity in life10 date ideas in New York City that are not drinking or movies123Hot PicksDelhi AQI TodaySheikh Hasina VerdictBihar Government FormationGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingAaron Rodgers InjuryShedeur SandersPaolo BancheroStephen CurryPatrick BeverleyLeBron JamesStephen A SmithCade CunninghamDraymond GreenSophie Cunningham
NEW DELHI: Supreme Court Tuesday entertained a PIL accusing Anil Dhirubhai Ambani Group (ADAG) companies of committing “one of the largest corporate frauds” by siphoning an estimated Rs 40,000 crore from banks through loans, and seeking a court-monitored probe by CBI and ED into the allegations, reports Dhananjay Mahapatra.After briefly hearing advocate Prashant Bhushan, who appeared for petitioner E A S Sarma, a bench of CJI Bhushan R Gavai and Justice K Vinod Chandran sought responses from the central govt, CBI, ED and Anil Ambani. When Bhushan requested Supreme Court to seek a probe status report from CBI and ED, the SC bench said it would be considered after receiving their responses.The petition alleged that ADAG companies – Reliance Communications (RCOM), Reliance Infratel (RITL) and Reliance Telecom (RTL) – had cumulatively received loans to the tune of Rs 31,850 crore from a consortium of public sector banks led by State Bank of India between 2013 and 2017.
