Anil Ambani: Who cast an evil eye on Anil Ambani’s happiness? Son Anmol Ambani gets this big shock

Penalty on Anmol Ambani: Anil Ambani’s company Reliance Infra’s stock is witnessing a rise after its debt reduced by 85 percent in the last few days. The effect of the news of the loan reduction was such that the share of Reliance Infra reached a 52-week high of Rs 335. Apart from this, the share of Reliance Power also closed at a 52-week high of Rs 38.16 on Monday with a continuous rise. The younger Ambani’s car, which has gone through a very bad phase in the last few days, is getting back on track. There is happiness in the house due to the increase in the confidence of investors and the increase in the market cap of the companies. After Reliance Power became debt free and Reliance Infra’s loan reduced by 86 percent, Anil Ambani is trying to raise funds. But in the meantime, he has got another shock, due to which it seems that someone has cast an evil eye on his happiness.

A penalty of Rs 1 crore was imposed

Market regulator SEBI has imposed a penalty of Rs 1 crore on Anil Ambani’s son Anmol Ambani. This penalty has been imposed by SEBI for approving general purpose corporate loan without investigation in the case of Reliance Home Finance. Apart from this, SEBI has imposed a fine of Rs 15 lakh on Reliance Housing Finance’s Chief Risk Officer (CRO) Krishnan Gopalakrishnan. SEBI also said in its order that both will have to deposit the penalty amount within 45 days.

25 crore fine on Chota Ambani
This order from SEBI came after SEBI banned Anil Ambani and 24 others from the securities market for five years in a case related to misappropriation of funds of Reliance Home Finance Ltd. Apart from this, a fine of 25 crores was also imposed on them. SEBI said that Anmol Ambani, who is on the board of directors of Reliance Home Finance, approved general purpose corporate loans or GPCL loans. He did this even when the company’s board of directors made it clear that such loans would not be approved.

A loan of 20 crores was sanctioned
On February 14, 2019, Anmol Ambani approved a loan of Rs 20 crore to Acura Productions Private Limited. Whereas the Board of Directors in its meeting on February 11, 2019 had instructed the management not to issue any further GPCL loans. SEBI said in the notice that Anmol Ambani is the director of the company but he has run the company according to his own wishes. He has worked beyond his role and by doing so he has shown that he is working for his own benefit and not in the interest of the shareholders of the company. (from input language)