SEBI bars Anil Ambani from securities market for 5 years, imposes ₹25 crore fine

RHFL's approval of loans worth hundreds of crores to companies with negligible net worth suggests a sinister objective, SEBI stated in its order.
SEBI, Anil Ambani
SEBI, Anil Ambani
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The Securities and Exchange Board of India (SEBI) on Thursday barred industrialist Anil Ambani and 24 other persons and entities from accessing the securities market for five years, citing their involvement in a fraudulent scheme that led to the diversion of funds from Reliance Home Finance (RHFL).

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