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The richest man in India, Mukesh Ambani. It has assets of about $ 64 billion or $ 6.4 billion. His younger brother Anil Ambani. He was also a billionaire until recently. One of the richest people in India.
But he claimed in a video conference sitting in Mumbai during a court hearing in London last week that he now has to pay a lawyer’s bill after selling the stored jewelry. Anil Ambani had previously claimed that his net worth was “net zero”.
Mukesh and Anil Ambani inherited India’s Reliance business empire. His father, Dhirubhai Ambani, was the founder of Reliance Business Empire. After his death in 2002, the two brothers ran the business.
But after a strong disagreement between them over the management of the business, the two brothers divided the Reliance Group. But where did Mukesh Ambani increase his wealth day by day, how did Anil Ambani come to such a state?
Anil Ambani had to appear in London court last Friday in a video link from Mumbai in a case brought by three Chinese banks.
The three state-owned banks in China have filed a lawsuit against Reliance Communications Limited, owned by Anil Ambani, for £ 600 million. In 2012, they loaned money to the company after Anil Ambani personally guaranteed the loan.
Previously, the court had issued a rule ordering Anil Ambani to pay the money to a Chinese bank. A lawyer for the three Chinese banks told Bloomberg News: “He (Anil) is fighting hard so that we don’t have to pay a penny.”
During the court hearing, a judge commented: “Anil Ambani lives a luxurious life.” In response, Anil Ambani stated that his life was very simple. Rumors that he lives a luxurious life are not true at all.
Anil said: ‘This is wrong, not true at all. I think the thing should be properly presented with respect. My needs are not that great and my life is very orderly. The hints that are being made about my past, present, or future luxurious life are absolutely speculation. ”
He claims that his wife owns the collection of expensive artifacts they have. He’s not even the owner of the luxury yacht used by members of his family, a company, says Ambani.
It has been alleged that the assets of Anil Ambani have been transferred to various corporate entities so that creditors do not have access to them. Anil Ambani has always claimed that he never gave personal guarantee for loans to three Chinese banks.
During the hearing on Friday, Anil Ambani was also questioned about the expenses incurred on his credit card in London. The credit card has also been used at London’s Hards. Anil Ambani said the card was used by his mother.
During the nearly three-hour hearing, he was also asked about the £ 68 million loan to his mother Kokilaben Ambani and the £ 61 million loan to her son. She said she did not remember the terms of the loan, but that the money was not given as a gift.
Source: BBC
BA / JIM
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