00:00Businessmen Anil Ambani's problems are increasing.
00:07His companies are often plagued by divisions and regulatory actions.
00:12Now his company Reliance Big Entertainment, RBEB Entertainment Pvt. Ltd.
00:17had to face the strict action of the Securities and Exchange Board of India, i.e. SEBI.
00:23So let's tell you in this video what action SEBI has taken against Anil Ambani.
00:29SEBI has taken strict action against Reliance Big Entertainment
00:33and has ordered the bank accounts of the company,
00:35Demat Accounts and Mutual Fund Holdings to be terminated.
00:40This action has been taken to recover Rs. 26 crores on the company
00:45and interest and any other revenue is included in this amount.
00:50SEBI has ordered the Related Bank, Depository and Mutual Fund
00:54to not give any kind of withdrawal permission from these accounts.
00:59On November 14, SEBI issued a notice to Reliance Big Entertainment
01:04in which the company was accused of illegally diverting Reliance Home Finance Ltd.'s money.
01:12In the notice, the company was ordered to deposit Rs. 26 crores within 15 days.
01:19However, the company did not follow this order.
01:22After this, SEBI took strict action to recover the remaining amount while issuing the KURK order.
01:29SEBI asked Related Organizations to ensure that there is no withdrawal from the KURK account
01:35and no kind of transaction is made in it.
01:38SEBI has clarified that this step is necessary to recover the remaining amount
01:44and this is not the first time when a company of Anil Ambani has had to face SEBI's strict action.
01:52Prior to this, many of their companies have been accused of violating regulatory actions and money laundering.
01:59In this case, SEBI has ordered to terminate all of Anil Ambani's accounts,
02:04whether they are Demat Accounts, Bank Accounts or Mutual Fund Holdings.
02:10In this case, all of their bank accounts have been seized.
02:14SEBI has taken strict action to seize bank accounts.
02:20In this case, it can have a huge impact on Anil Ambani's business.
02:25What is your opinion on this decision of SEBI?
02:28Tell us your opinion in the comment box and keep watching Good Returns for such updates.
Comments