New Delhi: Stock market regulator SEBI has imposed a fine of Rs 1 crore on industrialist Anil Ambani's son Jai Anmol Ambani. SEBI has imposed this fine for approving general-purpose corporate loans without proper investigation in the case of Reliance Home Finance.

Know what is the matter.

Let us tell you that this fine has been imposed on Anmol in the Reliance Home Finance case. It was given in August in the case related to the transfer of Anil Ambani and 24 others. Along with this, a fine of Rs 25 crore was also imposed on all these people. SEBI says that a proper investigation was not done while approving the corporate loan. Because of this, a heavy fine is being imposed on them. SEBI (Securities and Exchange Board of India) said in its order on Monday 23 September 2024 that it has completed the ongoing investigation in the case of Reliance Home Finance Limited. SEBI said that in the investigation it has completed, it found that the people to whom the notice was issued have violated SEBI's listing and disclosure regulations.

45 days to pay the amount

Apart from this, Reliance Housing Finance's Chief Risk Officer Krishnan Gopalakrishnan has also been fined. SEBI imposed a fine of Rs 15 lakh on Gopalakrishnan. Both have been given 45 days to pay the fine amount. Also, Anmol Ambani had approved a loan of Rs 20 crore to Acura Productions Private Limited on February 14, 2019. Earlier, the Board of Directors in its meeting on February 11, 2019, had directed not to issue a loan to GPCL (Gujarat Power Corporation Limited).