Why SEBI Fined and Banned Anil Ambani in the RHFL Fraud Case
Anil Ambani, chairman of ADAG, and 24 other entities, including former key managerial personnel (KMPs) of Reliance Home Finance Ltd (RHFL), have been barred from the securities market for five years by securities markets regulator Securities and Exchange Board of India (Sebi) for diverting funds from the company. Ambani was also fined Rs 25 crore…