Anil Ambani's troubles increased, UK court ordered to pay 5448 crore in 21 days

May 23 2020 01:54 PM
Anil Ambani's troubles increased, UK court ordered to pay 5448 crore in 21 days

Mumbai: Reliance Group chairman Anil Ambani has been asked by a UK court to pay more than $ 71.7 million to three Chinese banks in the case of a defaulted loan. For this, the court has given them 21 days. In fact, three Chinese banks had filed a case against Anil Ambani for not repaying the loan of $ 71.1 million, or about Rs 5447 crore.

While giving the verdict, the judge said, "The businessman will have to pay the money of these three banks within 21 days". At the same time, in the last hearing, Ambani's lawyer said that in 2012, Ambani's investment was worth more than $ 7 billion, but now it has come down to $ 89 million, or 623 crore rupees, and once his liability is considered. So their total assets should be considered zero. The simple thing is, he was a wealthy businessman, but now he is not.

He further said that the investment value of Ambani had ended after 2012. The change in the policy of giving spectrum of the Government of India had a profound effect on the Indian telecom sector.

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