SC pulls up ED, CBI over delay in Anil Ambani-led RCOM loan fraud probe

New Delhi: The Supreme Court on Wednesday expressed serious concern over an “unexplained delay” by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in probing alleged large-scale bank loan frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani, involving public funds estimated at Rs 40,000 crore.

A Bench headed by Chief Justice of India (CJI) Surya Kant asked the ED to constitute a Special Investigation Team (SIT) of senior officers and directed both Central agencies to take the ongoing investigation to its “logical conclusion” in a time-bound manner.