IndiaPosted at: Nov 18 2025 2:26AM


SC to hear PIL seeking court-monitored probe into alleged Rs 20,000 crore banking fraud involving Reliance Communications and Anil Ambani

New Delhi, Nov 17 (UNI) The Supreme Court Monday agreed to urgently list a public interest litigation seeking a court-monitored investigation into what has been described as one of the country’s largest banking frauds, allegedly involving Reliance Communications Ltd., its group entities, and their promoter Anil Ambani.
The PIL, filed under Article 32 by former union Secretary E A S Sarma, alleges massive diversion of bank funds, forgery, fabrication of accounts, use of shell companies and coordinated financial misconduct across the Anil Dhirubhai Ambani Group (ADAG).
Appearing for the petitioner, Advocate Prashant Bhushan mentioned the matter before Chief Justice of India B.R. Gavai and sought urgent hearing, submitting that the alleged fraud amounts to nearly Rs 20,000 crore and requires an independent, court-monitored probe.
Please log in to get detailed story.
Tags: #SC to hear PIL seeking court-monitored probe into alleged Rs 20#000 crore banking fraud involving Reliance Communications and Anil Ambani
More News

India secures extradition of terror-financing accused Iqbal Singh from Portugal

13 May 2026 | 5:35 PM

New Delhi, May 13 (UNI) The Government of India has successfully secured the extradition of fugitive Iqbal Singh from Portugal in a major breakthrough against transnational crime and terror financing networks.

see more..

NIA arrestes Hizb-ul-Mujahideen linked narco-terrorist Shera after his extradition from Portugal

13 May 2026 | 5:27 PM

New Delhi, May 13 (UNI) The National Investigation Agency (NIA) today arrested wanted narco-terrorist, Iqbal Singh @ Shera, after successfully securing his extradition from Portugal following sustained diplomatic and legal efforts.

see more..

Cabinet clears Rs 37,500 cr coal gasification push to boost energy security, cut imports

13 May 2026 | 5:12 PM

‎‎New Delhi, May 13 (UNI) The union Cabinet on Wednesday approved a major Rs 37,500 crore scheme to promote surface coal and lignite gasification projects, in a significant push towards reducing India’s dependence on imported fuel and chemical feedstocks while accelerating the country’s clean coal utilisation programme.

see more..

‎CCEA raises MSP for Kharif crops for 2026-27, announces major hike for sunflower, cotton

13 May 2026 | 5:10 PM

‎New Delhi, May 13 (UNI) The Cabinet Committee on Economic Affairs today approved an increase in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, with the sharpest hikes announced for sunflower seed, cotton, nigerseed and sesamum, as the government sought to ensure higher returns to farmers ahead of the sowing season.

see more..

Cabinet clears PPP Push for Nagpur Airport modernisation, paves way for 30-year GMR-led upgrade

13 May 2026 | 5:02 PM

‎New Delhi, May 13 (UNI) ‎The union Cabinet today approved the extension of the lease period of Airports Authority of India (AAI) land leased to MIHAN India Limited (MIL), clearing the way for the long-term privatisation, expansion and modernisation of Nagpur’s Dr. Babasaheb Ambedkar International Airport under the public-private partnership (PPP) model.

see more..