"राजस्थान ब्लैक ग्रेनाइट: क्यों है यह बिल्डिंग मटेरियल की पहली पसंद?"

Why SEBI Banned Anil Ambani?

Anil Ambani banned from securities market for 5 years.

SEBI's strictness: Rs 25 crore fine in manipulation case!!
 Anil Ambani banned from stock market for five years.

The Securities and Exchange Board of India (SEBI) has banned industrialist Anil Ambani and 24 others, including former key executives of Reliance Home Finance, from the stock market for five years in a money laundering case.A fine of Rs 25 crore was also imposed on Ambani. He should not be involved as a director in any listed company or intermediary registered with SEBI. Will be able to. SEBI also banned Reliance Home Finance from the stock market for six months and imposed a fine of Rs 6 lakh.

SEBI said in the order that Anil Ambani conspired to commit fraud with the help of senior officials to embezzle money from Reliance Home Finance. It was shown as loan from subsidiaries.The company's board had issued strict instructions to stop such lending practices and conducted regular reviews of corporate loans, but the company management ignored these orders.SEBI said that this shows that there was a major error in the way of functioning, which was committed by some key managerial personnel under the influence of Anil Ambani.Rs 27 crore on former Reliance Home Finance officer Amit Bapna, Rs 26 crore on Ravindra Sudhalkar and Rs 26 crore on Pinkesh R. Shah was fined Rs 21 crore.

Heavy fall in Anil Dhirubhai Ambani Group (ADG) shares -

After SEBI's action, there was a huge fall in the shares of Anil Dhirubhai Ambani Group (ADG) companies Reliance Infra, Reliance Home Finance and Reliance Power. Reliance Infra shares fell the most by 17%. The group's second listed company, Reliance Power, hit the lower circuit after its stock fell by 5%. Reliance Home Finance stock declined by 5.12%.