The Supreme Court of India has deferred the hearing on a public interest litigation (PIL) regarding alleged banking fraud by the Anil Dhirubhai Ambani Group (ADAG) to May 8. The PIL, filed by former bureaucrat E A S Sarma, alleges that the ADAG firms, led by Anil Ambani, have committed fraud exceeding ₹40,000 crore. Solicitor General Tushar Mehta informed the court that the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have filed new status reports following the court's previous directives. The court expressed concern over the lack of progress in the investigation, noting that Anil Ambani has been identified as the 'kingpin' but has not yet been arrested. The bench has mandated that the investigations be conducted transparently and efficiently, allowing the agencies to seek assistance from the court if they face any obstacles. So far, assets worth ₹15,000 crore have been attached, and four individuals have been arrested. The ongoing investigation has revealed that a loan of over ₹3,000 crore was settled for just ₹26 crore. The total estimated fraud amount is now around ₹73,000 crore. The court has emphasized the need for a thorough investigation, as the allegations involve systematic diversion of public funds and complicity among various financial institutions.