India, Feb. 10 -- The Enforcement Directorate (ED) has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, an official said on Monday.

The SIT is led by an additional director-rank officer in the headquarters investigation unit (HIU) of the federal probe agency and comprises about half a dozen other investigators, the official said. The Supreme Court, while reviewing cases against ADAG, last week directed the ED to constitute an SIT that will undertake a "fair, independent, prompt and dispassionate" probe into the case. It had asked the Central Bureau of Investigation (CBI), which is also probing the gro...