Sebi has banned Anil Ambani and 24 related entities from the securities market for five years, citing fund diversion involving Reliance Home Finance. Along with the market ban, Ambani has been fined Rs 25 crore. Reliance Home Finance faces a six-month securities ban and a Rs 6 lakh penalty, as regulators pursued compliance failures linked to diverted funds.
Nearly two years after a resolution plan by Suraksha Realty was cleared, Jaypee homebuyers say deliveries have barely moved forward. The frustration is now compounded by fresh scrutiny, with enforcement agencies starting probes into allegations of fund diversion. The parallel—slow progress on projects and investigations on money trail—has left buyers with unanswered timelines and rising uncertainty.
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