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News 26 of 30

Supreme Court Directs CBI-ED SIT to Probe ₹40,185.55 Cr ADAG Fraud; Assets Worth ₹15,000 Cr Seized

PolityHIGH
Target:UPSC GS-IIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
23 Mar 2026
~2 min
Source: The Hindu
Key Data:₹40,185.55 crore₹15,000 croreFebruary 12, 2026
Bodies:Supreme CourtCBIEDSEBI
Practice MCQs from today's news ▸
What This Article Covers

1.The Supreme Court directed the CBI and ED to conduct a 'transparent, fair and credible' probe into the ADAG bank fraud case, noting their past 'reluctance'.

2.A Special Investigation Team (SIT) was constituted on Feb 12, 2026; assets worth ₹15,000 crore seized and wrongful loss identified at ₹40,185.55 crore of public money.

3.The case tests the independence of financial probes, judicial supervision of investigative agencies, and the framework for tackling large-scale corporate-bank nexus frauds.

The Big Picture
Prelims · HighMains · Medium

The Supreme Court has mandated a transparent and credible investigation by a CBI-ED SIT into the massive ₹40,185.55 crore ADAG bank fraud case, citing past 'reluctance' by the agencies. For exam aspirants, this highlights judicial oversight of financial probes, the role of investigative agencies, and the critical issue of public confidence in high-stakes economic investigations.

Exam Lens

Quick Exam Facts From News

Wrongful Loss Identified₹40,185.55 crore
Assets Seized₹15,000 crore
SIT Constituted DateFebruary 12, 2026
SC Bench Headed byCJI Surya Kant

1-Minute Revision

  • ›Wrongful Loss Identified: ₹40,185.55 crore
  • ›Assets Seized: ₹15,000 crore
  • ›Target this Data: ₹40,185.55 crore (Wrongful loss) & ₹15,000 crore (Assets seized).
  • ›Target this Nodal Body: Special Investigation Team (SIT) constituted by ED & CBI.
  • ›Target this Legal Point: Supreme Court's directive for 'transparent, fair and credible' probe under judicial oversight.

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Q1Static LinkageEasy

The Enforcement Directorate (ED) operates under which Union Ministry?

Q2Statement-basedHard

Consider the following statements regarding the ADAG bank fraud case as per the Supreme Court proceedings:

1. The Supreme Court noted past 'reluctance' and lack of discipline in the probe by CBI and ED.

2. The Special Investigation Team (SIT) was constituted by the Supreme Court on March 23, 2026.

3. The total wrongful loss identified in the case so far amounts to over ₹40,000 crore of public money.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the status report submitted in the Supreme Court, what was the total value of assets seized so far in the ADAG bank fraud investigation?

Q4Application/ImpactMedium

What was the primary concern expressed by the Supreme Court regarding the investigation into the ADAG bank fraud case?

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