Anil Ambani’s son Jai Anmol Ambani slapped with ₹1 crore fine by Sebi in Reliance Home Finance case
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Sep 24, 2024 08:29 AM IST
Jai Anmol Ambani faced a ₹1 crore penalty from Sebi for alleged irregularities in Reliance Home Finance, including approving ₹40 crore in unsecured loans.
The Securities and Exchange Board of India (Sebi) imposed a penalty of ₹1 crore on Jai Anmol Ambani, son of Anil Ambani, for alleged irregularities in Reliance Home Finance. Jai Anmol did not exercise reasonable due diligence with respect to the entire GPCL(general purpose working capital ) lending and the onward lending by these GPCL entities to other Reliance ADAG group companies including Reliance Capital, the markets regulator alleged.
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