Discover the shocking details behind SEBI's massive crackdown on Anil Ambani and RHFL.
SEBI imposes a 5-year ban on Anil Ambani & 24 others over RHFL loan scandal.
SEBI fines Anil Ambani ₹25 crore, barring him from key roles in listed firms for five years.
RHFL disbursed unsecured loans to entities with negative net worth, ignoring standard credit checks.
RHFL continued issuing risky loans even after board directives to stop, reflecting severe internal control failures.
SEBI fines key RHFL officials, including Amit Bapna and Ravindra Sudhalkar, up to ₹27 crore each for their roles.
Investigations reveal loans linked to promoter-group entities, raising concerns about conflict of interest.
PwC resigns as RHFL auditor, citing concerns over loan quality and recoverability, further complicating the case.