Sebi slaps Rs 26 cr notice on Reliance Big Entertainment in RHFL fund case

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Sebi slaps Rs 26 cr notice on Reliance Big Entertainment in RHFL fund case - Business Standard

Quick Summary:

Capital markets regulator Sebi has asked Reliance Big Entertainment to pay Rs 26 crore in fines for failing to clear penalties imposed by the regulator in a case pertaining to illegal diversion of funds.

The regulator also warned that assets, including bank accounts, of Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) will be attached if they fail to make the payment within 15 days of the notice issued on Thursday.

The notice was issued after the entity (Reliance Big Entertainment) failed to pay the Rs 25 crore fine imposed by the regulator in August this year.