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Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market.
Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act.
The renovation works were held without marring the majestic elegance and old world charm of the structure. The main structure has been divided into two sections in order to turn it into a memorial building.
Bollywood celebrities including Shah Rukh Khan, Aishwarya Rai Bachchan and Abhishek Bachchan and Shahid Kapoor and Mira Rajput attended the gala function.
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