New Delhi, Jan. 23 -- The Supreme Court on Friday directed the Central Bureau of Investigation and the Directorate of Enforcement to submit sealed cover status reports on their ongoing investigations into alleged bank fraud involving companies of the Anil Dhirubhai Ambani Group and its promoter, Anil Ambani.
A bench comprising Chief Justice of India Surya Kant and Justice Joymalya Bagchi was hearing a public interest litigation filed by former union government secretary EAS Sarma.
Appearing for the petitioner, advocate Prashant Bhushan submitted that debts exceeding Rs 1.50 lakh crore owed by the group's companies had allegedly been written off, and that funds were siphoned through multiple shell entities, terming it the "largest bank loa...