New Delhi, Nov. 17 -- A public interest litigation (PIL) has sought a court-monitored investigation into what it describes as a large-scale banking fraud involving Reliance Communications Ltd (RCOM), its group companies, and former promoter Anil Ambani.

The writ petition, filed by former Union secretary Emani Anantha Satyanarayana Sarma (EAS Sarma) in the Supreme Court on Monday, was mentioned before a bench led by Chief Justice B.R. Gavai by senior advocate Prashant Bhushan. The court listed the matter for hearing.

The plea, as seen by Mint, alleges that RCOM, Reliance Infratel, and Reliance Telecom diverted Rs.31,580 crore in loans disbursed by the State Bank of India (SBI)-led consortium of banks between 2013 and 2017.

It argues tha...