This chapter details SEBI's measures against Anil Ambani for financial irregularities involving Reliance Home Finance Limited. It covers the timeline of events, fraudulent practices, legal strategies, and the repercussions for investors, culminating in a hefty fine and a five-year market ban.
On August 23rd, the Securities & Exchange Board of India (SEBI) slapped ADAG Chairman Anil Ambani and its associated 24 entities with a combined penalty of ₹624 crores for allegedly siphoning off funds. And if you’re wondering why and what Anil Ambani had to say in defense, in today's episode for 27th August 2024, we offer you a simplified take on the saga.
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