19-April-2024
Corporate News
 
Anil Ambani lives a simple life, drives just one car and has sold all his jewellery to pay his legal fees
26-Sep-2020

Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees. He said he had received Rs 9.9 crore for all his jewellery between January and June 2020 and now does not own anything — “nothing meaningful,” he said. When asked about a fleet of luxury cars he had access to, he said: “These are speculative media stories. I have never owned a Rolls-Royce. At present, I use one car.” On May 22, 2020 the UK high court had ordered Ambani to pay a debt of $716,917,681 (Rs 5,281 crore) and £750,000 (Rs 7 crore) in legal costs to three Chinese banks by June 12, 2020. The amount was not paid. Then, on June 15, the Chinese banks, led by Industrial and Commercial Bank of China Ltd, sought a disclosure order on his assets.

News Source:- https://economictimes.indiatimes.com/news/company/corporate-trends/anil-ambani-lives-a-simple-life-drives-just-one-car-and-has-sold-all-his-jewellery-to-pay-his-legal-fees/articleshow/78328801.cms