{"id":1013156,"date":"2026-06-09T09:24:57","date_gmt":"2026-06-09T03:54:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1013156"},"modified":"2026-06-09T09:51:45","modified_gmt":"2026-06-09T04:21:45","slug":"rs-1537-crore-fraud-probe-call-targets-sbi-consortium-and-asset-firms","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/09\/rs-1537-crore-fraud-probe-call-targets-sbi-consortium-and-asset-firms\/","title":{"rendered":"Rs 1,537 crore fraud probe call targets SBI consortium and asset firms"},"content":{"rendered":"<p>A PIL was filed in the Supreme Court on Monday seeking a probe into a \u20b91,537-crore banking fraud allegedly facilitated by asset reconstruction companies (ARCs), a bank consortium led by the SBI and a Noida-based infrastructure firm. <\/p>\n<p>The PIL has alleged that a total debt of \u20b91,537 crore owed to public sector banks has been settled through two complicit ARCs \u2014 Prudent ARC Ltd and Phoenix ARC Ltd \u2014 for a mere \u20b973.50 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A PIL was filed in the Supreme Court on Monday seeking a probe into a \u20b91,537-crore banking fraud allegedly facilitated by asset reconstruction companies (ARCs), a bank consortium led by the SBI and a Noida-based infrastructure firm. The PIL has alleged that a total debt of \u20b91,537 crore owed to public sector banks has been settled through two complicit ARCs \u2014 Prudent ARC Ltd and Phoenix ARC Ltd \u2014 for a mere \u20b973.50 crore.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-1013156","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1013156"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013156\/revisions"}],"predecessor-version":[{"id":1013163,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013156\/revisions\/1013163"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1013156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1013156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1013156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}