The Supreme Court today slammed the government for suggesting Aadhaar as the panacea for all ills in the system, including bank frauds."The bank knows whom it is giving loan to and it is the bank officials who are hand in glove with the fraudster. Aadhaar can do little to stop it," said a five-judge constitution bench headed by Chief Justice Dipak Misra, which is examining the validity of Aadhaar scheme.The Centre is already under pressure over a slew of banking scams including the Rs 13,000 crore PNB scam allegedly perpetrated by Nirav Modi and others.Earlier the Central government on Wednesday told the Supreme Court that Aadhaar unique identification number is a policy decision in the larger interest of the state, and was put in place after expert inputs, thus the scope of judicial scrutiny into it was limited.Citing the enormous benefits of the scheme, Attorney General K.K.Venugopal told five judge constitution bench of Chief Justice Dipak Misra, Justice A.K. Sikri, Justice A.M. Khanwilkar, Justice D.Y. Chandrachud and Justice Ashok Bhushan that it has helped in curbing the leakages in the disbursal of benefits under welfare schemes.Telling the bench that the legitimate interest of the state or the larger public interest runs through the entire Aadhaar Act, he said that it has helped in dissipation of subsides covered under Section 7, preventing black money and money laundering by linking unique identification number with bank accounts.