SEBI fines Anil Ambani’s son Rs1cr for loan approvals without ‘due diligence’ TOI BUSINESS DESK — Times of India

SEBI has fined Jai Anmol Ambani Rs 1 crore for inadequate due diligence in approving corporate loans at Reliance Home Finance. Krishnan Gopalakrishnan, the former chief risk officer, was fined Rs 15 lakh. Both must pay within 45 days. SEBI highlighted discrepancies and lack of ethical standards in their actions.SEBI has fined Jai Anmol Ambani Rs 1 crore for inadequate due diligence in approving corporate loans at Reliance Home Finance. Krishnan Gopalakrishnan, the former chief risk officer, was fined Rs 15 lakh. Both must pay within 45 days. SEBI highlighted discrepancies and lack of ethical standards in their actions. …Read More