Former Govt Secretary seeks SC-monitored probe into Anil Ambani RCom bank fraud case

The article discusses a petition filed by a former government secretary urging the Supreme Court to monitor an independent probe into allegations of massive bank fraud by Anil Ambani–led RCom. The petitioner alleges regulatory failure, deliberate underreporting of debts, diversion of funds, and political interference. The Court acknowledged the seriousness of the allegations and sought responses from regulatory bodies including the RBI and Enforcement Directorate. The case raises concerns about large-scale corporate fraud, the integrity of lending institutions, and accountability of corporate governance mechanisms. The plea reflects growing public scrutiny of high-value financial frauds and the demand for transparent, court-supervised investigations.