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Sebi rejects Anil Ambani's Reliance Infra settlement application

India's market regulator has rejected Anil Ambani's settlement bids concerning allegations of misusing nearly $700 million in company funds. The Securities and Exchange Board of India cited parallel investigations by other agencies, stating the transactions could be for personal enrichment. This marks the second settlement rejection for Ambani, with the group categorically denying the claims.

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Economic TimesLean R·2h ago
Sebi rejects Anil Ambani's Reliance Infra settlement application
India's market regulator has rejected Anil Ambani's settlement bids concerning allegations of misusing nearly $700 million in company funds. The Securities and Exchange Board of India cited parallel investigations by other agencies, stating the transactions could be for personal enrichment. This marks the second settlement rejection for Ambani, with the group categorically denying the claims.
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Sebi rejects Anil Ambani's Reliance Infra settlement application

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Sebi rejects Anil Ambani's Reliance Infra settlement application

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