Anil Ambani's problems increase, will have to pay Rs 154.5 crore! Otherwise the property will be confiscated
SEBI has asked these units to make payment within 15 days.
Anil Ambani has to pay Rs 154.50 crore to SEBI latest News In Hindi: Mukesh Ambani's brother Anil Ambani is making a good comeback but his troubles are not ending. SEBI has asked him to pay Rs 154.5 crore. In fact, market regulator SEBI has issued notices to six entities including Anil Ambani's Reliance Home Finance asking them to pay Rs 154.50 crore. This notice has been given to the company regarding misuse of funds.
SEBI has asked these units to make payment within 15 days. Failure to do so has warned of confiscation of property and bank accounts.
The units to which notice has been sent include Crest Logistics and Engineers Pvt. Ltd. (now CLE Pvt. Ltd.), Reliance Unicorn Enterprises Pvt. Ltd., Reliance Exchange Next Ltd., Reliance Commercial Finance Ltd., Reliance Business Broadcast News Holdings Ltd. And Reliance Cleangen Ltd. Are included. Demand notice has come for non-payment of fine by these units. SEBI has accused these companies of misappropriation of money. (Anil Ambani has to pay Rs 154.50 crore to SEBI latest news in Hindi)
The regulator has directed these entities to pay Rs 25.75 crore in six separate notices. Every company will have to pay Rs 25.75 crore. This includes interest and recovery charges, in case of non-payment of dues the regulator will recover the amount by attaching and selling the movable and immovable properties of these institutions. Apart from this, their bank accounts will also be attached.
In August this year, SEBI had banned industrialist Anil Ambani, former CEOs of Reliance Home Finance and 24 other entities for five years on charges of misappropriation of funds from the company. He was also barred from holding the post of director or key management in any listed company or intermediary registered with the market regulator for five years. (Anil Ambani has to pay Rs 154.50 crore to SEBI latest News In Hindi)
Recently, SEBI imposed a fine of Rs 25 crore on Anil Ambani and directed him to stay away from the position of head of any listed company for five years. The companies and key executives of the companies were accused of misappropriation of money.
(For more news apart from Anil Ambani have to pay Rs 154.50 crore to SEBI latest News In Hindi, stay tuned to Spokesman Hindi)
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