UPSC Prelims Practice Questions — Supreme Court directs ED to form SIT to probe bank scam linked to Anil Ambani

Q1. With reference to the alleged bank fraud probe ordered by the Supreme Court in 2026 against the Anil Dhirubhai Ambani Group (ADAG), which one of the following is the flagship/primary accused corporate entity around which the alleged ₹40,000 crore loan fraud is centred?

  • A. Reliance Capital Ltd
  • B. Reliance Communications Ltd
  • C. Reliance Infrastructure Ltd
  • D. Reliance Power Ltd

Q2. With reference to the Supreme Court's 2026 order directing investigation into the alleged ADAG bank fraud, consider the following statements: 1. The Enforcement Directorate was directed to constitute a Special Investigation Team (SIT) to probe the alleged fraud under the Prevention of Money Laundering Act, 2002. 2. The Central Bureau of Investigation was simultaneously directed to probe the alleged nexus, connivance and collusion between bank officials, corporate management and regulatory authorities. 3. The Supreme Court directed that the SIT must be headed by a Director-rank officer of the CBI rather than of the ED. Which of the statements given above is/are correct?

  1. The Enforcement Directorate was directed to constitute a Special Investigation Team (SIT) to probe the alleged fraud under the Prevention of Money Laundering Act, 2002.
  2. The Central Bureau of Investigation was simultaneously directed to probe the alleged nexus, connivance and collusion between bank officials, corporate management and regulatory authorities.
  3. The Supreme Court directed that the SIT must be headed by a Director-rank officer of the CBI rather than of the ED.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q3. The Supreme Court Bench that, in February 2026, directed the Enforcement Directorate to constitute an SIT to probe the alleged ₹40,000 crore bank fraud linked to the Anil Ambani Group was headed by which one of the following?

  • A. Chief Justice D.Y. Chandrachud
  • B. Chief Justice Sanjiv Khanna
  • C. Chief Justice B.R. Gavai
  • D. Chief Justice Surya Kant

Q4. In the Supreme Court's 2026 ADAG bank-fraud directions, which one of the following agencies was specifically tasked with investigating the alleged 'nexus, connivance, conspiracy and collusion' between bank officials, corporate managements and regulatory authorities?

  • A. Serious Fraud Investigation Office (SFIO)
  • B. Central Bureau of Investigation (CBI)
  • C. Central Vigilance Commission (CVC)
  • D. National Investigation Agency (NIA)

Q5. How many judges constituted the Supreme Court Bench, headed by CJI Surya Kant, that in February 2026 directed the Enforcement Directorate to form an SIT to probe the alleged ADAG bank fraud?

  • A. Two
  • B. Three
  • C. Five
  • D. Seven
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