Economy · India

SEBI Rejects Anil Ambani's Settlement Plea in Fund Misuse Case

The Securities and Exchange Board of India (SEBI) has rejected Anil Ambani's request to settle a case involving the alleged misuse of corporate funds. The case is related to Reliance Infrastructure and involves an amount of 65.26 billion rupees. This decision comes amidst increased regulatory scrutiny on Anil Ambani from various agencies over the past year and a half.

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