Mumbai: Anil Ambani appears before ED in Yes Bank case
News | March 19, 2020 14:25 ISTReliance Group Chairman Anil Ambani appears before ED in Mumbai in connection with PMLA probe in Yes Bank case.
Reliance Group Chairman Anil Ambani appears before ED in Mumbai in connection with PMLA probe in Yes Bank case.
Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing on Tuesday.
Shares of Reliance Infrastructure on Monday zoomed 10 % after the firm reported 18 per cent rise in consolidated net profit to Rs 345.51 crore for the third quarter ended December.
A UK court on Friday ordered Anil Ambani to deposit $ 100 million within six weeks as a deposit in a lawsuit in which three Chinese banks are seeking hundreds of millions of dollars in defaulted loans. Lawyers for Ambani said earlier that he didn’t have the funds to pay the deposit.
The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani over an alleged breach of a personal guarantee on a debt refinancing loan of around USD 925 million in February 2012.
Reliance Group Chairman Anil Ambani's sons have resigned from the Reliance Infrastructure board, as per a regulatory filing. Both the sons - Jai Anmol Ambani and Jai Anshul Ambai - resigned within six months of their appointment.
In a statement, the company said the audit made "no adverse findings" on the quantum and end-use of lending.
The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process
UK High Court has dismissed an application filed by Industrial and Commercial Bank of China Limited for a 'summary judgement in its claims of USD 680 million against RCom Chairman Anil Ambani.
Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.
Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from the company earlier this month.
Anil Ambani has resigned as director of Reliance Communications, the debt-ridden company said in a filing on Saturday. According to the filing, Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.
Anil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process.
Reliance Power on Monday reported 80 per cent decline in its consolidated net profit in June quarter due to lower revenues.
In a statement issued here, the company said: "PWC's observations are completely baseless and unjustified. PWC has acted prematurely without even statutory discussions with the Audit Committee."
Taapsee Pannu's Game Over will be the first film to be distributed under the partnership while Hrithik Roshan's Super 30 is the next.
The Congress party and its president Rahul Gandhi had over the past few months alleged corruption in the deal to buy 36 Rafale fighter jets from France and claimed that Ambani's group got Rs 30,000 crore of benefit by way of getting offset contracts of the deal.
Congress president has termed Anil Ambani as a crony capitalist and dishonest many a times recently
The Congress has been alleging massive irregularities in the deal and has been targeting the government over selection of Ambani-owned Reliance Defence as an offset partner for Dassault Aviation.
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