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.
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- ›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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