Indian businessman Anil Ambani reviews Sebi's 5-year securities market ban and monetary penalty for alleged fund diversion.
Anil Ambani, Indian businessman, reviews a Sebi order imposing a monetary penalty and 5-year securities market ban due to an alleged fund diversion case. He will take appropriate next steps based on legal advice. Ambani resigned from Reliance Infrastructure Ltd and Reliance Power Ltd boards following Sebi's interim order in February 2022. The order affects 24 others as well, including group firms and former directors.
August 25, 2024
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