Supreme Court orders CBI probe into Jai Corp fraud

The Supreme Court has upheld a Bombay High Court order for the CBI to investigate Jai Corp and its director, Anand Jain, over allegations of defrauding investors of ₹2,434 crore. Jai Corp can challenge the FIR in a suitable court, which will review the case independently. The Supreme Court noted that previous investigations by regulatory bodies found no merit in the allegations. Jai Corp's legal team argued that the High Court's decision was flawed, as there were no complaints from shareholders or lenders. They claimed the issues had already been addressed by regulatory authorities.