Mumbai: Anil Ambani, younger brother of Reliance Industries owner Mukesh Ambani, made a big disclosure about his assets in the loan case from three Chinese banks, stating that he did not have any significant assets. At the same time, his wife and family are managing his expenses. Anil also says that there is no other source of his income anymore and now he is an ordinary person.
In fact, Anil Ambani and his company Reliance Com had taken a loan of more than $ 700 million from three Chinese banks in February 2012, which was personally guaranteed by Anil Ambani. Where his company is now bankrupt, banks have sued him for recovering the amount with interest. The banks offering these loans are Industrial and Commercial Bank of China Limited (Mumbai Branch), China Development Bank and Exim Bank of China.
In this case, on 22 May 2020, the London High Court ruled that Anil Ambani had paid $ 7 to three Chinese banks by 12 June. 17 million, but when it was not paid on time, banks demanded to declare the property. On this, the court also passed an order to Anil Ambani to declare his assets spread across the world on 29 June.
Not only this, he was also told in his affidavit that he also has a full stake in those properties or he is jointly entitled to any of them. Along with this, three Chinese banks have clearly stated that they will use all their legal options against Anil Ambani if required.