Indiabulls case: SC raps CBI; questions ‘friendly’ probe
The Supreme Court criticized the CBI's "friendly and cool" approach in probing Indiabulls Housing Finance's financial irregularities. The court questioned the corporate affairs ministry's decision to close Sebi and ED-flagged governance issues, emphasizing the need for a thorough investigation into multi-layered transactions and loan round-tripping.
The Supreme Court criticized the CBI's "friendly and cool" approach in probing Indiabulls Housing Finance's financial irregularities. The court questioned the corporate affairs ministry's decision to close Sebi and ED-flagged governance issues, emphasizing the need for a thorough investigation into multi-layered transactions and loan round-tripping.
