The Supreme Court of India observed that industrialist Anil Ambani cannot be arrested merely to sensationalise alleged bank fraud cases, stressing that arrest decisions must depend on investigative necessity and remain within the discretion of investigating agencies handling the matter.
The Supreme Court is hearing a plea alleging financial irregularities by Indiabulls Housing Finance and its promoters. Noting ED and EOW FIRs and ongoing probes, the Court directed the CBI Director to take a final call and file a fresh affidavit.
