A PIL has been filed in the Supreme Court seeking a court-monitored investigation into alleged banking fraud involving asset reconstruction companies, banks, and a Noida-based firm. It cites suspected diversion of over ₹900 crore and demands a multi-agency probe
The CBI carried out searches at seven locations linked to former executives of Reliance Communications in an ongoing investigation into alleged banking frauds involving Reliance ADA Group companies. The probe, covering multiple cases, reportedly involves losses of over Rs 27,000 crore
The Supreme Court of India said alleged ₹27,337 crore banking fraud involving Anil Dhirubhai Ambani Group requires thorough investigation. The court discussed CBI and ED findings, rejected sensationalism, and indicated possible monitoring of probe while stressing timely, transparent investigation
The Supreme Court of India deferred to May 8 the PIL hearing on alleged ₹73,000 crore fraud linked to Anil Ambani’s ADAG, seeking transparent probes by Central Bureau of Investigation and Enforcement Directorate amid fresh status reports
IDFC First Bank reported a Rs 590 crore fraud at its Chandigarh branch involving Haryana government-linked accounts. Four officials were suspended, police informed, and a forensic audit initiated. The bank said the issue is confined to specific accounts
The Enforcement Directorate questioned Yes Bank co-founder Rana Kapoor in connection with a money laundering probe involving Reliance Anil Ambani Group companies, suspecting a quid pro quo linked to high-value bank exposure and investments that later turned non-performing
The Supreme Court has transferred the nationwide ‘digital arrest’ scam investigation to the CBI, directing it to probe all related cases. The court sought assistance from RBI and DoT on fraud detection, SIM regulation and AI-based monitoring while urging swift cybercrime infrastructure upgrades
