Supreme Court orders probe into Anil Ambani's alleged bank fraud, demands swift action and reports.

The Supreme Court has ordered the Enforcement Directorate to form a Special Investigation Team to probe alleged large-scale bank fraud involving Anil Ambani, Reliance Communications, and related companies, criticizing delays by the CBI and ED. The court mandated swift, impartial investigations, directed the CBI to examine potential collusion by bank officials, and required status reports within four weeks. Anil Ambani assured the court he would not leave India, while look-out circulars were confirmed to prevent his travel. The case stems from a Public Interest Litigation alleging systemic fund diversion, falsified records, and institutional collusion across ADAG entities. The court emphasized that repayment offers do not exempt individuals from prosecution and gave all parties a final opportunity to respond.