SEBI Fines Jai Anmol Ambani ₹1 Crore for Loan Approvals

The Securities and Exchange Board of India (SEBI) has fined Jai Anmol Ambani, son of Anil Ambani, ₹1 crore for failing to exercise due diligence in approving corporate loans in the Reliance Home Finance case. SEBI also fined Krishnan Gopalakrishnan, former Chief Risk Officer, ₹15 lakh for his involvement. Anmol Ambani approved a ₹20 crore loan to Accura Productions Pvt. Ltd. in February 2019, despite the board's explicit disapproval just days earlier. SEBI found that Anmol acted beyond his role, disregarding the board's directives, raising concerns about his motivations and commitment to ethical standards.



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