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Supreme Court tackles “largest corporate fraud in India” involving Anil Ambani Group

The Supreme Court issued fresh notices to Anil Ambani and ADAG on a PIL alleging massive banking and corporate fraud. The court directed the CBI and Enforcement Directorate to submit sealed status reports within 10 days on their ongoing probes.

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Anil Ambani, ADAG get last chance to respond in court-monitored fraud probe. File Pic

Anil Ambani, ADAG get last chance to respond in court-monitored fraud probe. File Pic

The Supreme Court on Friday issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the firm and its group companies.

As reported by news agency PTI, the apex court on Friday asked the CBI and the Enforcement Directorate to file status reports in sealed cover in ten days on their ongoing probes into the alleged fraud. The arguments on behalf of the ED and the CBI were put up by Solicitor General Tushar Mehta.

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