Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters
Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters

Indian tycoon Mukesh Ambani and Reliance fined US$5.5 million for share-trading violation

  • Reliance, along with 12 unlisted trading houses, carried out unlawful transactions in the shares of Reliance Petroleum
  • They bought stock between March and November of 2007, and then the company took short positions in futures before starting to sell

Topic |   Mukesh Ambani and family
Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters
Mukesh Ambani, chairman and managing director of Reliance Industries. Photo: Reuters
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