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Friday, July 31, 2020

Ambani Brothers: One brother signs agreement with Google-Facebook, the other kills brother to pay off debt

Ambani Brothers: One brother signs agreement with Google-Facebook, the other kills brother to pay off debt

The world is talking about Mukesh Ambani of Reliance Industries. At the same time, Mukesh Ambani is on the list of the world's top five richest people, while his cousin Anil Ambani is mired in debt. Yesterday, Yesbank seized its Reliance Center in Santa Cruz for non-payment of Rs 4 crore. Reliance Industries is one of the top 20 companies in the world. He has joined hands with global companies like Google and Facebook. While his brother Anil Ambani has a total debt of Rs 3 billion.

Mukesh Ambani in the list of top five richest people in the world

Reliance Group Chairman Anil Ambani has taken over its headquarters in Santacruz, Mumbai. Anil Dhirubhai Ambani Group (ADAJ) took over the headquarters of Yes Bank as it could not pay within the last time limit of Rs 2.5 crore. This headquarters was known as Reliance Center. Yes Bank took possession of the 21,000-square-foot building of Nagin Mahal in Santacruz, South Mumbai, as well as its two floors. Anil Ambani was questioned by the Enforcement Directorate last March over the payment of Yes Bank money. On his relationship with Yes Bank scam founder Rana Kapoor, Anil Ambani said that Reliance Group has no direct or indirect relationship with Rana Kapoor or his daughters.

Ga Bhai Anil Ambani pressed down the hill of debt

On May 9, Yes Bank had asked Reliance Infrastructure to pay the remaining Rs 3.6.5 crore. July 7: Naroj Bank seizes three properties of the group. In 2012, Anil Ambani sold Mumbai-based energy business Adani Transmission for Rs 15,600 crore, reducing its debt to Rs 4,500 crore. At one time, Anil Ambani's name was on the list of the world's richest people. China's largest bank owes millions. The Industrial and Commercial Bank of China had asked to file a case against Anil Ambani in London. His telecom company Reliance Communications is also mired in debt.

Anil Ambani seems to be waging a war against debt

Anil Ambani seems to be waging a war against debt. On June 11, he claimed that he had paid Rs 50 billion by selling some of his assets. However, a large amount of debt remained. The total debt of Reliance Group's four largest companies is Rs 6 billion. That does not include Reliance Communications as it has recently slipped into bankruptcy. Among the four largest companies in the Reliance Group are Reliance Capital's લર 3 billion, Reliance Power's Rs 303 billion, Reliance Infrastructure's Rs 15 billion and Reliance Cable's Rs 20 billion.


Last January, when the Securities and Exchange Board of India (Sebi) released a list of 30 companies in the business of loan repayment, it said that banks owe Rs 2,000 crore to these companies. In which Anil Ambani was to pay the highest to the group. Of this, Rs 2,500 crore was to be paid to banks by Reliance Power and Rs 4.5 crore to banks by Reliance Communications.

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