Solicitor General Refuses to Answer Why Anil Ambani is Not Arrested in Fraud Probe

The Supreme Court recently heard a plea seeking a probe into an alleged ₹40,000-crore fraud by the Anil Dhirubhai Ambani Group (ADAG).

Advocate Prashant Bhushan questioned why Anil Ambani remains unarrested despite being labeled a "kingpin" in SEBI reports.

Solicitor General Tushar Mehta declined to comment on specific arrests, noting that two fresh FIRs were registered following new discoveries. The Bench expressed concern over the potential misuse of the Insolvency and Bankruptcy Code (IBC) to settle massive debts at undervalued rates. 

The Court will review fresh status reports from the CBI and ED on May 8 before issuing further directions.

[EAS Sarma v. UOI & Ors.]