Three Chargesheets Filed, ADAG Managing Director Arrested: CBI Tells Supreme Court in Anil Ambani Load Fraud Case

The Supreme Court has been informed by the Central Bureau of Investigation that the agency has filed three chargesheets in connection with the alleged Rs 40,000-crore Anil Dhirubhai Ambani Group (ADAG) loan fraud case.

Solicitor General Tushar Mehta told a CJI Surya Kant led bench that ADAG's Managing Director had also been arrested. Notably, the bench also comprising Justice Joymalya Bagchi and Justice V Mohana categorically refused to issue any directive for the arrest of businessman Anil Ambani as it observed that it would not be fair for the top court to order the arrest of any specific individual while independent central investigations are legally active.

Supreme Court, while hearing a PIL filed by former bureaucrat EAS Sarma, which seeks a thorough, court-monitored probe into alleged financial irregularities within the ADAG group was told today by Advocate Prashant Bhushan that the chargesheets should be produced directly to the bench to verify the scope of the probe. Bhushan alleged that probe agencies had only arrested "lowly officers" while leaving Anil Ambani untouched.

In response SG Mehta told the bench, "The statement made that only low level officers have been arrested is false..we have arrested the Director of Group of Companies..". "My learned friend cannot sit in appeal on how the investigation is going on..," SG Mehta added.

Senior Advocate Kapil Sibal, appearing for Ambani, strongly objected to the petitioner's push to examine the chargesheets before the Supreme Court.

The Supreme Court had earlier said that it cannot direct arrest of Anil Ambani in connection with the case concerning banking frauds after continued submissions were made by Advocate Prashant Bhushan seeking arrest of Anil Ambani and his son. "I find it very puzzling that Anil Ambani has not been arrested till now, he is the kingpin. It is as if he is some holy cow, he is above being arrested..this is very puzzling to me..they are arresting some lower functionaries, " Bhushan had told the bench.

The bench comprising Chief Justice of India Surya Kant and Justice Joymalya Bagchi was informed by Solicitor General Tushar Mehta that multiple investigations by the CBI and ED were underway. SG Mehta also placed a status report before the Court, stating two FIRs had been registered against Reliance Telecom on complaints by SBI, while nine regular cases had been registered in total. Of these, seven were under investigation and two have already been chargesheeted. He added that the total loss in the seven cases under probe was Rs 27,337 crore. He further stated that two arrests had already been made and “a few more” were likely in the coming days.

In March, 2026 Enforcement Directorate had informed court that it had constituted a SIT as directed by court to probe the into banking frauds. Solicitor General Tushar Mehta had further informed a CJI Surya Kant led bench that CBI had so far registered eight separate cases involving alleged siphoning off nearly Rs 41,000 crore from bank loans. Four top officials of ADAG group have been arrested so far, Mehta added. SG Mehta further informed the bench that CBI is taking help of financial experts to unravel the complex routing and re-routing of money.

Anil Ambani had filed an affidavit before the Supreme Court, undertaking that he will not travel abroad without prior permission of the Court and will fully cooperate with the ongoing investigations by the Directorate of Enforcement and the Central Bureau of Investigation into alleged financial irregularities involving Anil Dhirubhai Ambani Group (ADAG) companies.

Emphasising his cooperation with the probe agencies, Ambani stated that he has been fully assisting the investigation and continues to extend complete cooperation. He also disclosed that the Enforcement Directorate has summoned him to appear on February 26, 2026, and undertook to present himself and join the investigation on the scheduled date.

Petitioner EAS Sarma, a former union government secretary, has implored the court to take supervisory control of the investigation, arguing that the ongoing probes are piecemeal and fall short of examining all implicated parties, including bank officials and public servants. It echoed concerns about procedural propriety, observing that each bank’s complaint may amount to a separate offence warranting fresh registration. Solicitor General Tushar Mehta, representing the CBI and ED, had informed the court that separate status reports have been filed by both agencies. The bench had made clear it expects these investigations to be pursued vigorously and without further hindrance.

In response to an earlier submission that the court should bar Anil Ambani from leaving the country amid the probe, Senior Advocate Mukul Rohatgi, appearing for Anil Ambani, offered an undertaking that his client would not depart India without prior permission of the Supreme Court. The undertaking was recorded by the bench, with assurances from the Solicitor General that all necessary preventive measures, including lookout notices, would be maintained. Sarma's writ petition seeks a court-monitored investigation into what is described as one of the country’s largest banking frauds.

Case Title: EAS Sarma v. Union of India and others

Bench: CJI Kant, Justice Bagchi and Justice Mohana

Hearing Date: July 13, 2026