NEW DELHI: Supreme Courtroom Tuesday entertained a PIL accusing Anil Dhirubhai Ambani Group (ADAG) corporations of committing “one of many largest company frauds” by siphoning an estimated Rs 40,000 crore from banks by means of loans, and looking for a court-monitored probe by CBI and ED into the allegations, studies Dhananjay Mahapatra.After briefly listening to advocate Prashant Bhushan, who appeared for petitioner EAS Sarma, a bench of CJI Bhushan R Gavai and Justice Ok Vinod Chandran sought responses from the central govt, CBI, ED and Anil Ambani. When Bhushan requested Supreme Courtroom to hunt a probe standing report from CBI and ED, the SC bench stated it could be thought of after receiving their responses.The petition alleged that ADAG corporations – Reliance Communications (RCOM), Reliance Infratel (RITL) and Reliance Telecom (RTL) – had cumulatively acquired loans to the tune of Rs 31,850 crore from a consortium of public sector banks led by State Financial institution of India between 2013 and 2017.
