The Supreme Court on Monday agreed to examine a public interest litigation demanding a court-monitored investigation into what the petitioner describes as a massive banking and corporate fraud involving Reliance Communications (RCOM), its group companies and promoter Anil Ambani.

The matter was mentioned for urgent listing before a bench headed by Chief Justice B.R. Gavai, along with Justices K. Vinod Chandran and N.V. Anjaria, by advocate Prashant Bhushan. “There is bank fraud worth Rs 20,000 crore. We are seeking an independent court-monitored probe. This is about a large corporate group,” Bhushan said.

“We will list it,” the CJI responded.

The petition, filed by former Union secretary E.A.S. Sarma, alleges a wide-ranging pattern of diversion of bank loans, fabrication of financial st

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