Corruption Crackdown On Corporate World: Will It Ensure Better Regulation?
Today, markets regulator SEBI has barred industrialist Anil Ambani, and 24 other entities, including former officials of Reliance Home Finance from the securities market for five years, for diversion of funds from the company. SEBI has imposed a penalty of Rs 25 crore on Anil Ambani and restrained him from being associated with the securities market, including as a director or key managerial personnel in any listed company. We discuss the larger fallout, Will this corruption crackdown on the corporate world, ensure better regulation?
