Anil Ambani’s troubles increased, SEBI rejected settlement application; Trading of the company’s shares also came to a complete halt!

Reliance Infra fund diversion case: Stock market regulator SEBI has given a big blow to industrialist Anil Ambani and his company Reliance Infrastructure. SEBI has rejected Anil Ambani’s plea to amicably resolve the case related to alleged misappropriation of company funds worth about $700 million (₹6,526 crore). Anil Ambani and Reliance Infra had sought permission from SEBI to close this serious case under the settlement process, which the regulator did not accept.

According to the report of news agency Reuters, Anil Ambani and Reliance Infrastructure are accused of transferring a huge amount of ₹ 6,526 crore in wrong and suspicious ways to other controlling shareholder companies linked to Anil Ambani.

Why does SEBI refuse to settle?

Market regulator SEBI had exposed the matter in September 2025, alleging that all these transactions were done purely for personal gain, rather than in the corporate interests of the public shareholders or to carry out the core functioning of the company, which is a direct misappropriation of funds. SEBI has made it clear in its recent decision that the investigation of this big financial scam is not limited only to the level of the market regulator, but other major government agencies of the country are also deeply engaged in it.

These include central departments (such as ED and CBI) investigating financial crimes, money laundering and serious fraud. According to SEBI rules, when a case is under investigation by other criminal or financial investigation agencies, settlement cannot be allowed at the SEBI level.

Company can file an appeal

Under SEBI rules, any company or individual can settle the matter legally by paying a certain fine or fee without admitting their fault. But now that SEBI has rejected this settlement application, the regulator will soon issue a detailed and public order giving complete details of this alleged violation. Under this order, Anil Ambani and his company can be imposed with heavy fines and strict restrictions on trading or entering the stock market. However, Reliance Infrastructure can file an appeal against this order in the concerned tribunal or court.

What did Reliance Group say in clarification?

On this entire controversy, the spokesperson of Anil Ambani’s Reliance Group has completely rejected all the allegations. The spokesperson says these matters are currently sub judice and the group will continue to present its case strongly in the courts as advised by its legal team. It is noteworthy that this is the second big blow for Anil Ambani due to rejection of the settlement; Earlier, SEBI had also rejected his similar settlement application in another case related to investment in Yes Bank of India.

During the last 18 months Anil Ambani and his Reliance Group But the noose of regulators and central investigating agencies is very tight. During this period, many top officials of the group including Anil Ambani have been interrogated for a long time. Some officials of Reliance Group have also been arrested on charges of fraud and manipulation, while many properties linked to Anil Ambani have been frozen. At present, CBI and Enforcement Directorate (ED) are in continuous action mode in this entire matter.

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Trading of company’s shares came to a complete halt

This all-round legal crisis has had a direct and adverse impact on the company’s shares. Trading of Reliance Infrastructure shares in the stock market is currently completely at a standstill. Just before the close of trading, the last price of its share was recorded at just Rs 77. At present, ‘Trading Restricted’ is mentioned next to the company’s stock status on the Bombay Stock Exchange website. (Trading restricted) is visible, which has further increased the concerns of investors.