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Anil Ambani Banned from Markets for 5 Years, Fined Rs 25 Crore: SEBI Calls Him the Mastermind of Fraud Scheme.

Photo: TOI
SEBI Takes Action Against Questionable Loans, pointing On Anil Ambani and Reliance Home Finance.
Anil Ambani and Reliance Home Finance Limited (RHFL) have been severely punished by the Securities and Exchange Board of India (SEBI) for authorizing dubious loans to parties associated with the firm without doing adequate due diligence. SEBI has slapped Ambani with a big fine of Rs 25 crore and barred him from the securities market for five years. RHFL and some of its top executives are also getting penalized.
Investigative Findings: Ambani’s Involvement and Loan Irregularities
The investigation says Ambani was behind a scam where Reliance Home Finance gave loans to his associates, labeling them as working capital loans during the 2018–2019 fiscal year. These loans, totaling Rs 8,470 crore, didn’t go through proper checks.
The SEBI order noted that funds structured as General Purpose Working Capital (GPC) loans were transferred to entities linked to the Reliance ADA Group. The manner in which these loans were disbursed was described as abrupt and highly irregular. Moreover, there was evidence that senior officials actively pushed for these loans, showed little interest in recovering the amounts, and that Ambani was directly involved in approving them.
SEBI’s findings pointed to a pattern indicating that these loans were intended for Ambani’s benefit, either directly or indirectly.
Independent Reports Back SEBI’s Findings
Reports from Price Waterhouse & Co., RHFL’s statutory auditor, and Grant Thornton, a forensic auditor hired by Bank of Baroda, RHFL’s primary lender, corroborated SEBI’s findings. Price Waterhouse outlined issues that prompted it to stop auditing RHFL, pointing to the company’s other procedural failings as well as a dearth of meaningful answers to its questions. Due to its position, the company even received threats of legal action.
Grant Thornton’s report found similar discrepancies and pointed out suspicious reclassifications of borrower entities from related to non-related parties just before loan disbursements. Eight entities, which initially appeared to be related to the Reliance group, were shown as unrelated shortly before receiving loans totaling Rs 1,323.43 crore.
Broader Penalties
SEBI’s order impacts 28 individuals and entities, including RHFL, Anil Ambani, several Reliance ADA group companies, and other key management personnel. RHFL has been prohibited from participating in the securities market for six months, while Ambani and 26 others face a five-year ban.
RHFL faces fines of Rs 5 lakh, Anil Ambani faces fines of Rs 25 crore, Amit Bapna, the CFO of RHFL, faces fines of Rs 27 crore, and CEO Ravindra Sudhalkar faces fines of Rs 26 crore. All companies involved in this notice face fines of Rs 25 crore each.
This major regulatory action makes it very evident that SEBI is committed to upholding accountability and transparency in the securities industry and makes it very apparent that corporate malfeasance will not be accepted.
News
CM Atishi: 150 Mohalla Buses to Begin Service in Two Weeks.

Delhi is all set to welcome Mohalla Buses on its roads in the next two weeks. Chief Minister Atishi shared the update and said these buses will help solve the city’s last-mile connectivity issues.
Trial and Facility Check
CM Atishi recently visited the Kushak Nala Depot to inspect the electric low-floor Mohalla Buses. She mentioned that trials have been successfully conducted on two routes. These buses are specially designed to operate in crowded areas where larger buses cannot reach.
Modern Features
The 9-meter-long buses come equipped with modern features and can run up to 200 kilometers on just an hour’s charge. Atishi stated that 150 buses will begin operating soon, with plans to expand the fleet to 2,140 buses by 2025. The goal is to connect every colony in Delhi through these buses.
Improved Last-Mile Connectivity
In a post on X (formerly Twitter), CM Atishi wrote, “Mohalla Buses will be a game changer for last-mile connectivity in Delhi. Over the past 10 years, Delhi has built a world-class public transport system, and we’ll keep working to make it even better.”
A New Chapter in Delhi’s Transport
This initiative not only aims to improve transportation but also offers an eco-friendly option for congested areas. The launch of Mohalla Buses marks a big step toward making public transport accessible and efficient for everyone in Delhi.
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Delhi Government Plans New System to Track Projects and Spending in Real-Time

The Delhi government is working on a new system that will help its finance department monitor projects, spending, and revenue collection in real time. Called the Integrated Financial Management System (IFMS), the software aims to make tracking budgets, expenses, and project progress faster and simpler.
Right now, different departments have this information, but it’s scattered. “If the finance department needs details about spending or budgets, they have to collect it manually, which takes time. This new system will make all the data digital and easy to access,” said a senior official.
How It Will Help
The system will let the government quickly check how much money has been spent on a project or whether more funds are needed. It will also track money collected through GST, excise duty, VAT, and license fees.
“If we collect less revenue than expected, the system will let us know right away. This way, we can take steps to fix the issue on time,” the official added.
One key benefit is that the system will help decide if a request for funds is really needed, which could prevent unnecessary spending and control rising costs.
Learning from Other States
Delhi’s finance department has already visited Rajasthan to see how a similar system works there. “We plan to look at systems in other states too so we can learn and improve our own setup,” the official said.
What’s Next?
The IFMS will also include tracking for salaries and General Provident Fund payments. The finance department has been put in charge of developing and implementing the system.
The project is currently in the tendering stage. A consultant has been hired to create the tender documents, which will be ready in about a month. Officials expect the entire system to be up and running in about three months after that.
The government recently held a workshop to introduce the idea to stakeholders. Once in place, this new system is expected to make financial management in Delhi smoother, faster, and more transparent.
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Don’t Pay Your Water Bills; We Will Waive Them in 2025,’ Kejriwal Tells Delhi Residents.

Representational Image | Image Source: Arvind Kejriwal (Twitter)
Arvind Kejriwal, former Chief Minister of Delhi and Aam Aadmi Party (AAP) leader, has announced that if re-elected, his government will waive all outstanding water bills in 2025. Speaking to residents at Sanjay Gandhi Transport Nagar on Saturday, he encouraged Delhiites to hold off on paying their water bills, claiming that the current bills issued are inaccurate.
Kejriwal shared, “I am a mechanical engineer by training and started my career at Tata. I don’t do typical politics – I focus on actual work. In the past, I’ve waived electricity and water bills, which led to my arrest. I’ll waive these water bills again once we’re back in office. Trust me on this – I’ve done it before and will do it again.”
Delhi’s Services Stand Strong, Says Kejriwal
Highlighting the improvements his government has made, Kejriwal mentioned that thanks to his leadership, Delhi now enjoys 24/7 electricity, unlike many other states. He noted, “I’m an IIT graduate, and under my leadership, Delhi doesn’t experience power cuts anymore. Electing educated leaders makes a difference. We’ve done more for unorganized colonies than any other government.”
Kejriwal also pointed out that people from neighboring states, like Uttar Pradesh, often come to Delhi for medical treatment, despite the availability of the Ayushman Bharat scheme in UP.
“Vote for Those Who Serve You,” Urges Kejriwal
Kejriwal urged voters to support leaders who genuinely work for them. He questioned what the central government has contributed to Delhi, inviting people to compare the efforts of AAP with those of the central administration. “In the upcoming elections, vote for those who have consistently worked for you,” he stated, adding that AAP is also working on improving the Municipal Corporation of Delhi (MCD).