The Supreme Court on Tuesday issued a notice on a plea seeking a court-monitored probe into alleged bank fraud by Anil Ambani-promoted Reliance Communications Ltd and other companies, with the petitioner calling it “probably the largest corporate fraud in India’s history”.

A bench of Chief Justice of India B R Gavai and Justice K Vinod Chandran issued notice to the Centre, Central Bureau of Investigation (CBI), Enforcement Directorate (ED), Anil Dhirubhai Ambani Group, and Anil Ambani on the plea by former Union secretary E A S Sarma.

Appearing for the petitioner, Advocate Prashant Bhushan contended that the First Information Report (FIR) in the matter was registered this year, despite the alleged fraud having been ongoing since 2007-2008.

Bhushan said, “We want a status report from ED

See Full Page