 "Sebi")
The Securities and Exchange Board of India (Sebi) has barred Anil Ambani and three associates from the capital market for alleged siphoning of funds from Reliance Home Finance (RHFL). The regulator has also restrained them from associating with any listed company, stock market intermediary or any public company that intends to raise money.
The restrictions will remain until further notice, Sebi has said in an interim order directing Ambani and several others ‘show cuase’ as to why further action and investigation shouldn’t be initiated against them.
“Such misconduct on the part of Noticee no. 2 (Anil Ambani) as the chairman
