Recently, an investigation has been completed by Securities and Exchange Board of India (SEBI) and it has expelled business tycoon Anil Ambani and four top officers of his group from investing in the secondary market.

They have been disqualified to do any investment till the end of the 2011. The two Anil Dhirubhai Ambani Group (ADAG) companies, Reliance Infrastructure (R-Infra) and Reliance Natural Resources Ltd (RNRL) have been suspected for unfair market business by SEBI. They have been banned for investing in the secondary market till 2012. In addition to that, SEBI has charged a fine of Rs 50 crore from both the companies.

This settlement has been done by SEBI exclusive of admission or disagreement of fault. An ADAG spokesperson has stated that the settlement was made in the interests of investors to anticipate unnecessary and prolonged proceedings of court.

In this verdict, there are other officials such as Reliance Infra executive vice chairman, Satish Seth and three directors Lalit Jalan, S C Gupta and J P Chalsani. However, the companies and the executives can invest in mutual funds, primary market issues, buybacks and open offers.