Bombay High Court cautioned Republic TV and editor Arnab Goswami against sensational reporting in Anil Ambani case. Court stressed accuracy, restricting coverage strictly to official records and orders.
Today, On 16th April, The Supreme Court dismissed Anil Ambani’s plea against the fraud classification of his loan accounts under RBI’s 2024 Master Directions. The CJI remarked, “Hard earned money has been siphoned. Did you make good losses of banks and financial institutions?”
The Enforcement Directorate attached assets worth over Rs 3,000 crore linked to Anil Ambani under PMLA, including Mumbai properties, as part of a money laundering probe involving multiple Reliance Group entities.
The Supreme Court criticised the CBI and ED for their “reluctance” in probing the alleged Rs 73,000 crore fraud involving Anil Ambani Group companies. The Court has now ordered a fair, transparent and time-bound investigation and asked agencies to submit fresh status reports.
A Division Bench of the Bombay High Court set aside a single judge’s interim order restraining banks and BDO India LLP from acting against Anil Ambani under RBI’s 2024 fraud classification Master Directions, terming the earlier decision perverse and declining stay relief.
The Supreme Court has directed the CBI and Enforcement Directorate to file status reports on ongoing probes into the alleged RCom–Anil Ambani banking fraud, following claims of large-scale fund diversion, delayed action by banks, and regulatory lapses.
