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The Supreme Court on Tuesday took cognisance of serious allegations of bank fraud involving Reliance Communications (RCom) and issued notices to the Central government, Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and industrialist Anil Ambani.
Prashant Bhushan Argues for Court-Monitored Investigation
Senior advocate Prashant Bhushan, appearing for former Union Secretary E.A.S. Sarma, urged the bench to order a court-supervised probe, saying investigative agencies have failed to touch the role of banks and their officials despite clear evidence of collusion.
As sources told Republic, the petition claims that despite clear evidence emerging from multiple forensic audits, investigating agencies and banks d

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