Unhappy with the progress, the apex court directed the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to conduct a “fair, dispassionate, transparent, and time-bound” investigation into the matter, it added. He said the probe agencies, so far, attached assets worth ₹15,000 crore and also arrested four persons, including a few senior officials. The ED has alleged defaults of ₹7,500 crore in Reliance Home Finance and ₹8,200 crore in Reliance Commercial Finance, citing "large-scale diversion of public funds". The PIL alleged systematic diversion of public funds, fabrication of financial statements and institutional complicity across multiple entities of the Anil Ambani-led Reliance ADAG. It said the FIR registered by the CBI, along with the connected ED proceedings, addresses merely a small segment of the alleged fraud.

Source: Mint March 24, 2026 03:08 UTC