Overview

• SEBI declined the July 7 settlement proposal by Anil Ambani and his son over Reliance Mutual Fund’s 2016–2019 purchases of Yes Bank AT-1 bonds.
• The regulator estimated losses of ₹1,828 crore when about ₹2,150 crore of AT-1 bonds were written off after Yes Bank’s 2020 insolvency.
• SEBI’s investigation alleges the bond investments were tied to loans that Yes Bank extended to Ambani-group companies in an alleged quid pro quo.
• The case has been shared with the Enforcement Directorate, which is pursuing parallel money-laundering and loan-siphoning probes and has conducted searches at Ambani-linked premises.
• Reliance Mutual Fund executives have filed a separate ₹950 crore settlement application that remains under SEBI’s review.