SEBI imposes a ₹624 crore penalty on Anil Ambani and 24 entities.

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₹624 Crore Penalty!

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It all started in 2017... You invested in a housing finance company, hoping for steady returns.

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But by 2018, troubling news emerged. Loans worth thousands of crores were disbursed without due diligence.

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Fast forward to 2019... The auditor resigns, revealing loan irregularities.

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In 2020, the share price crashes to ₹0.75. Investors like you face massive losses.

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By 2024, SEBI uncovers that ₹8,470 crores were disbursed to 45 related companies without proper checks.

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August 23, 2024 – SEBI imposes a ₹624 crore penalty on Anil Ambani and 24 entities.

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Ambani invokes the moratorium provision under the Insolvency and Bankruptcy Code (IBC).

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What’s a moratorium? It’s like a “pause” on legal actions while the company sorts its finances.

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SEBI isn’t backing down! They argue that the moratorium doesn’t block regulatory action.

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The big question... Will this saga finally bring justice to the 9 lakh investors?

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