Anmol Ambani Fined ₹1 Crore by SEBI for Corporate Governance Lapses at Reliance Home Finance
The eldest son of Anil Ambani faces penalties for approving unsecured loans against board directives, amidst broader regulatory actions against the Ambani family.
- Jai Anmol Ambani was fined ₹1 crore by SEBI for failing to exercise due diligence while approving loans at Reliance Home Finance.
- The penalty stems from his approval of ₹40 crore in unsecured loans, including ₹20 crore to Accura Productions and ₹20 crore to Visa Capital Partners.
- SEBI's investigation revealed Anmol misrepresented his involvement in the company's operations, contradicting his claims of non-involvement.
- This fine is part of a larger crackdown, with Anil Ambani and 24 others barred from the securities market for five years and facing penalties for fund diversion.
- Anmol's actions were deemed not in the best interests of shareholders, highlighting significant lapses in corporate governance and ethical standards.
Free Press Journal 
Hindustan Times 
