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.
India's market regulator, SEBI, has rejected Anil Ambani's settlement applications concerning allegations of misusing nearly $700 million in Reliance Infra company funds. This marks the second such rejection for Ambani, with SEBI citing ongoing investigations by other agencies…
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