Central bureau of investigation (CBI) is probing bank loan frauds involving claims of about ₹73,000 crore in seven cases registered against the Reliance Anil Dhirubhai Ambani (ADA) group, according to a status report submitted before the Supreme Court,
PTI reported.
The agency informed the Court that it is actively investigating seven cases and is also examining the role of certain public servants in connection with the alleged irregularities.
After reviewing the status report filed by the CBI and directorate of enforcement (ED), the apex court passed an order on 23 March 2026, noting that the total exposure across the cases runs into tens of thousands of crores, aggregating to about ₹73,006 crore, according to PTI.
ED, which is conducting parallel financial investigations, told the Court that it had seized documents referring to a purported 'project help', suggesting that insolvency proceedings may have been deliberately initiated through unrelated lenders.
According to ED’s findings placed before the Court, funding for Insolvency and Bankruptcy Code (IBC) acquisitions was allegedly arranged through a group of eight non-banking financial companies (NBFCs). The agency also pointed to instances where claims worth about ₹2,983 crore was reportedly settled for just ₹26 crore.
The Supreme Court, while taking note of the reports, emphasised the need for a coordinated and thorough investigation. It observed that the preliminary findings warranted close scrutiny of possible irregularities, including any collusion or connivance involving officials of financial institutions in granting undue benefits.
A bench led by chief justice of India Surya Kant underscored that the investigations must be carried out in a fair, transparent and time-bound manner. The Court clarified that it was not expressing an opinion on the merits of the allegations, but stressed the importance of completing the probe to its logical conclusion.
ED further informed the Court that it has constituted a special investigation team (SIT) to handle the matter and is currently examining eight cases linked to the group. It also flagged that certain information sought from other agencies had not yet been received.
Taking note of this, the Court directed all concerned agencies and financial institutions to extend full cooperation and ensure the timely sharing of information with ED.
The Supreme Court has listed the matter for further hearing on 30 April 2026.
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