Categories
Business

UK court orders bankrupt Anil Ambani to pay $717 million back to Chinese banks

A UK court on Friday directed Reliance Group chairman Anil Ambani to pay nearly $717 million (around Rs 5,446 crore) within 21 days to three Chinese banks pursuing the recovery of funds owed to them as part of a loan agreement. In February 2012, Reliance Com took a loan of over $700 million from three […]