Chinese bank will try to get Anil Ambani's overseas property, find out about the case

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London, Monday 28 September 2020

Three Chinese banks have decided to recover their arrears by seizing the assets of debt-ridden Anil Ambani abroad, which have lent about Rs 5,276 crore to Anil Ambani's companies.

The Industrial and Commercial Bank of China, the Export-Import Bank of China and the China Development Bank have decided that they will use their rights to take action against Anil Ambani, and try to get his property worldwide.

During the hearing in the case in Britain on Friday, Anil Ambani allegedly said that he had nothing left, and that he was making a living by selling his wife's jewelery.

What the banks' lawyers said

Anil Ambani is doing his best not to give a single penny to the lending banks, Thanki QC, a lawyer for Chinese banks, told a British court on Friday. After knowing his side on Friday, the banks have now decided to keep all possible options open for action against Anil Ambani, he said, adding that he would exercise his rights, and adopt all legal options.

How much is the debt of the banks on Anil Ambani?

In a May 22 order, a British court told Anil Ambani that it would pay Rs 5,276 crore to Chinese banks and Rs 7.04 crore in legal costs to three Chinese banks, adding interest, which had risen to Rs 5,281 crore by June.

According to a report, Anil Ambani was awaiting an affidavit in the case by a Chinese bank. Earlier, Anil Ambani had obtained an order from the court that his financial documents should not be given to any third party.

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