Sebi imposes Rs 1 cr fine on Anmol Ambani in Reliance Home Finance case

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Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.

The order came after Sebi, in August, barred Anil Ambani and 24 others from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd's funds.

Additionally, the regulator levied a fine of Rs 15 lakh on Krishnan Gopalakrishnan, who was the Chief Risk Officer of Reliance Housing Finance.

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Category: BusinessFinance

Markets: India

Topics: Anil Ambani debt Sebi imposes Rs 1 cr fine Sebi Jai Anmol Ambani Anil Ambani Reliance Home Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 18:28:24 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22656589

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