Bonds Trouble 💸 | SEBI Rejects Anil Ambani in Yes Bank Case:
The bond drama around Anil Ambani just got serious. SEBI has rejected his request to settle the ₹21,500 crore Yes Bank AT-1 bonds case. These risky bonds were bought between 2016 and 2019 by Reliance Mutual Fund (then owned by Ambani) and later became worthless when Yes Bank crashed.
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Bonds were allegedly linked to loans given to Ambani’s companies by Yes Bank.
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Losses to investors: ₹18,280 crore.
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SEBI says Ambani, his son, and the ex-Yes Bank CEO were directly involved.
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ED is probing related ₹3,000 crore loan siphoning allegations.
👉 Why this matters: This case could change how India deals with big corporate financial misconduct.
🔗 Source: India Today
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