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राज्य

If public funds are siphoned off, willingness to pay may not help: Supreme Court in bank fraud case

Uttar Pradesh 2026-02-05 18:19:00

The Supreme Court on Wednesday (February 4, 2026) said even a willingness to pay up may not save those involved in an alleged bank scam linked to the Anil Dhirubhai Ambani Group (ADAG) and its promoter Anil Ambani from criminal prosecution, if the Central Bureau of Investigation (CBI) and the Directorate of Enforcement (ED) were able to unearth a deliberate intention to “siphon off” public funds.

A three-judge Bench headed by the Chief Justice of India Surya Kant directed the ED to constitute a Special Investigation Team (SIT) of senior officers to investigate the scam, while ordering the CBI to conduct a “fair, dispassionate” probe into the “nexus, connivance, conspiracy, collusion” among bank officials, authorities, and the managements of the companies.

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