SEBI rejects Anil Ambani's settlement request in ₹6,500 crore fraud case: Report

The SEBI has rejected Anil Ambani and his corporate group's request to settle allegations of misusing about ₹6,500 crore of Reliance Infrastructure funds, Reuters reported, citing documents. The funds were allegedly transferred to entities linked to Anil Ambani. This comes after several group executives were arrested by the ED and CBI on fraud charges over the past few months.