UPSC Prelims Practice Questions — Anil Ambani bank fraud case: ‘CBI, ED showed reluctance’

Q1. In 2026 the Supreme Court directed which one of the following agencies to constitute a senior-level Special Investigation Team (SIT) to carry forward the alleged RCOM/ADAG bank fraud probe?

  • A. Enforcement Directorate (ED)
  • B. Central Bureau of Investigation (CBI)
  • C. Serious Fraud Investigation Office (SFIO)
  • D. Securities and Exchange Board of India (SEBI)

Q2. The Enforcement Directorate is probing the RCOM/ADAG matter under the Prevention of Money Laundering Act (PMLA). In this context, the PMLA primarily empowers the agency to do which one of the following?

  • A. Attach and confiscate proceeds of crime and prosecute the offence of money laundering
  • B. Adjudicate and resolve the insolvency of the corporate debtor companies
  • C. Regulate listing-related disclosure obligations of the borrowing companies
  • D. Classify and write off non-performing bank loans of the borrowers

Q3. The three-judge Supreme Court bench monitoring the 2026 ADAG bank fraud probe and which rebuked the CBI and ED for 'reluctance' was headed by which one of the following?

  • A. Chief Justice of India Surya Kant
  • B. Justice Joymalya Bagchi
  • C. Solicitor General Tushar Mehta
  • D. Justice B.R. Gavai