SC issues notice on PIL seeking probe into alleged Rs 1,500 crore bank fraud

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The Supreme Court on Friday agreed to examine a public interest litigation (PIL) seeking a court-monitored investigation by the Enforcement Directorate (ED), the Serious Fraud Investigation Office (SFIO) and the Reserve Bank of India (RBI) into an alleged banking fraud involving over Rs 1,500 crore of public sector bank funds and the role of asset reconstruction companies (ARCs) in facilitating debt settlements at a fraction of the outstanding dues.

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SC issues notice on PIL seeking probe into alleged Rs 1,500 crore bank fraud

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