Yes Bank attached Anil Ambani's head office

Mumbai, Ta. Thursday 30 July 2020

Yes Bank attached the Mumbai head office of Anil Dhirubhai Ambani Group (ADAG), Anil Ambani's company. In fact, it can be said that Yes Bank captured Anil's Mumbai office. Yes Bank owes Rs 2,892 crore to Anil's company.

According to an English commercial daily, Anil's office is spread over 21,000 square feet. The bank is said to have repaid the loan more than once before. The bank also seized two floors of the Nagin Mahal building in south Mumbai. The banks took this step as per the provisions of the SARFESI Act.

In fact, the Anil Ambani Group had borrowed a total of Rs 12,000 crore from Yes Bank. In March this year, when the Enforcement Directorate inquired about the loan, Anil claimed that the Yes Bank loan was safe. "If necessary, I will sell my properties and repay the loan," Anil said.

During the bank's inquiry into the irregular repayment of loan installments, Anil is believed to have said that he has nothing to do with any company under Rana's administration apart from Rana Kapoor, Rana's former director, Rana's wife or daughter.

It may be mentioned here that in May this year, the Enforcement Directorate had filed a case of fraud against Rana Kapoor and his daughters Roshni Kapoor, Radha Kapoor and Rakhi Kapoor. Rana Kapoor then resigned as a director of Yes Bank.

Yes Bank is currently headed by Prashant Kumar, the bank's director. Earlier, Prashant Kumar was the Chief Financial Officer of State Bank of India. He served in SBI for 36 years. He was currently in charge of Yes Bank.

In 2008, Anil Ambani was the sixth richest man in the world. But he suffered huge losses in the telecom, power and entertainment sectors, which led to him sinking into debt. In a loan case in February of this year, he declared his net worth zero in a British court.