Supreme Court orders final reports on alleged ₹1.5L cr fraud by Anil Ambani group, citing systemic fund diversion since 2007.

The Supreme Court has directed the CBI and Enforcement Directorate to submit sealed status reports on their investigations into allegations of a massive corporate and banking fraud involving Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG), following a Public Interest Litigation by former Union secretary E A S Sarma. The court emphasized this is the final chance for Ambani and ADAG to respond, after issuing fresh notices and ordering proper service via the Bombay High Court’s Registrar General. The case, which alleges fraud spanning from 2007–08 and involving over ₹1.5 lakh crore in diverted funds, claims systemic financial manipulation and institutional complicity. Lawyer Prashant Bhushan criticized the probes for not examining alleged bank collusion. The court scheduled a hearing after ten days based on the reports.