Jai Anmol Ambani is the eldest son of businessman Anil Ambani and nephew of Mukesh Ambani. He made headlines after market regulator SEBI imposed a hefty fine of Rs 1 crore on him for lapses in corporate governance during his tenure at Reliance Home Finance Limited. Who is Jai Anmol Ambani His Education Qualification Anmol Ambani was born on December 12 1991 and raised in the wealthy family. His schooling journey began at Mumbais Cathedral and John Connon School before he ventured abroad to further his studies at the Seven Oaks School in the United Kingdom. For his bachelors degree Anmol went to the United Kingdom and earned a Bachelor of Science (BSc) degree from Warwick Business School. Jai Anmol Ambani’s Net Worth As per several media reports Anmol Ambani has a net worth of Rs 20000 crore (USD 3.3 billion). Jai Anmol Ambani is a savvy businessman. He is also known for his taste for the finer things in life - luxury cars private jets and helicopters rank high in his preferences. His collection boasts of grand names such as the Rolls-Royce Phantom and the Lamborghini Gallardo. The SEBI Penalty On Jai Anmol Ambani On 18th September 2024 Anmol found himself under the regulatory hammer with a penalty of Rs 1 crore imposed on him. His preceding tenure on the board of Reliance Home Finance (RHFL) was called into question for the apparent lack of adherence to his due diligence duties. The story traces back to February 2019 when Anmol approved a hefty loan of Rs 20 crore to Accura Productions. Strikingly this move was executed in spite of the companys board explicitly directing merely three days before not to initiate any new corporate loans. The findings from SEBIs probe exposed that Anmol Ambani in his role as a non-executive director seemed to drift from prioritizing the shareholders interests and maintaining sterling ethical norms. As pe SEBI Jai was found responsible for going against the board’s instructions and pushing the loan forward. More Penalties? Jais fine by SEBI forms a piece of a larger regulatory puzzle that entails his dad Anil Ambani and other players in RHFLs sphere. Back in August 2024 Anil Ambani and two dozen others were barred by the market regulating authority from any dealings in the stock market lasting for five years. The reason was due to accusations of fund misappropriation from RHFL. Further a hefty penalty of Rs 25 crore was levied on Ambani tied to his role in the issue.