A Supreme Court three-judge bench headed by Justice BS Chauhan told the government to report on what it had done to investigate the Rs 6,500 crore investment into four Indian Indian Reliance Industries companies by what is allegedly a Singaporean shell company called Biometrix used for money laundering.

Advocate Prashant Bhushan and senior counsel Colin Gonsalves, who are appearing for the two petitioners in the case querying the gas price increase from Reliance's KG-D6 basis concession, alleged that Biometrix had no assets or equity and did not file tax returns in Singapore claiming a small-company exemption, but nevertheless made the single largest FDI into India from Singapore. Solicitor general Mohan Parasaran is appearing for the government. [Business Standard] [Economic Times]