SEBI had barred Anil Ambani from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd's funds & fined of Rs 25 crore to him.

Recently the Securities and Exchange Board of India fined Jai Anmol Ambani of Reliance Home Finance (RHFL). Before this, the market regulator fined Anil Ambani along with 24 of his associate entities Rs 624 crore for diversion of funds from RHFL.

Jai Anmol Ambani, the eldest son of industrialist Anil Ambani and nephew of Mukesh Ambani, has recently made headlines for reasons far from the usual wealth and privilege associated with the Ambani family.

Jai Anmol Ambani, is the eldest son of Anil Ambani and nephew of billionaire businessman Mukesh Ambani. He recently made headlines after SEBI imposed a hefty fine of Rs 1 crore on him over lapses in corporate governance during his Reliance Home Finance Limited’s tenure.

Jai Anmol Ambani faced a ₹1 crore penalty from Sebi for alleged irregularities in Reliance Home Finance, including approving ₹40 crore in unsecured loans.

Sebi imposed a fine of Rs 1 crore on Jai Anmol and a separate fine of Rs 15 lakh was slapped on Krishnan Gopalakrishnan, the former Chief Risk Officer of Reliance Home Finance, for approving the loans.

SEBI has fined Jai Anmol Ambani Rs 1 crore for inadequate due diligence in approving corporate loans at Reliance Home Finance. Krishnan Gopalakrishnan

The ruling came after the Sebi suspended Anil Ambani and 24 others from the securities market for five years in August in connection with the diversion of cash from Reliance Home Finance Ltd. In addition,

It also imposed a fine of ₹15 lakh on Krishnan Gopalakrishnan, the former chief risk officer of Reliance Home Finance, for his involvement in the approval of general purpose corporate loans.

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate