Reliance Infrastructure Limited, Reliance Natural Resources Limited, Anil Ambani and four other directors of the above companies have agreed to a consent order and paid India’s highest fine of Rs 50 crores. Till date no other company has paid a sum anywhere near the same and the first major fine was paid by DLF which was Rs 1 crore. Sometime last year there was a penalty on Gujarat NRE of double that amount and now this is fifty times the amount paid by DLF.
The details of the consent order are given below as an attachment and can also be accessed from here.
Consent Order