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<\/span><\/figcaption><\/figure>\n\nBy Ellen Milligan and Jonathan Browning

Three Chinese banks are suing the brother of Asia’s richest man in a London court for failing to pay back $680 million in defaulted loans.

The Industrial & Commercial Bank of China Ltd., China Development Bank<\/a> and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani<\/a>’s firm Reliance Communications Ltd<\/a>. in 2012 on condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court. Some repayments were made by the wireless carrier but in February 2017, it defaulted on its payment obligations.

The embattled Indian tycoon says that while he agreed to give a non-binding “personal comfort letter,” he never gave a guarantee tied to his personal assets - an “extraordinary potential personal liability.” He’s the brother of Mukesh Ambani, who’s worth $56 billion and is the wealthiest man in Asia and 14th richest in the world. Anil, on the other hand, has seen his personal fortune dwindle over recent years, losing his billionaire status.

ICBC “failed and continues to fail, to distinguish between Mr. Ambani on the one hand, and the company to whom the loans were being extended...on the other,” Ambani’s lawyer Robert Howe said in a court filing.

Anil Ambani was chairman of
Reliance Communications<\/a>, which fell into administration earlier this year. His wider telecommunications-to-infrastructure empire Reliance Group has continued to struggle under a mountain of debt. As of July, four of its biggest units, excluding the phone company, had about 939 billion rupees ($13.2 billion) of debt, Bloomberg reported in September.

Anil Ambani was caught up in a similar case earlier this year, when
India<\/a>’s Supreme Court threatened him with prison after Reliance Communications failed to pay to pay 5.5 billion rupees to Ericsson AB’s Indian unit. The judges gave him a month to find the funds, and his brother, Mukesh, stepped in to make the payment.

The brothers’ relationship has been fraught since their father’s death left behind a vast empire that was split between them. While Mukesh’s oil and petrochemicals businesses have flourished, Anil’s assets dwindled.

According to a court filing, Anil went to Beijing in the winter of 2011 to negotiate the loan with ICBC’s former Chairman Jiang Jianqing directly. The lenders sought a share pledge before granting the loans, but the legal dispute centers on whether Ambani or one of his associates went on to provide a personal guarantee as security.

Hasit Shukla, Reliance’s commercial & treasury head, signed a personal guarantee on Ambani’s behalf by power of attorney when the loan was set up seven years ago, Thanki said. But Ambani didn’t give Shukla the authority to sign for him, making the guarantee non-binding, his lawyer Robert Howe said in written submissions.

“Mr. Ambani’s position is that the claim made by ICBC in relation to his alleged personal guarantee for loans to RCOM is without merit,” a spokesman for the tycoon said in an email.

Industrial & Commercial Bank is the sole claimant in the London case, and is representing itself and the other two lenders.

“This is a straightforward debt claim to recover outstanding loans made to RCOM in good faith, and secured by a personal guarantee given by Mr. Anil Ambani,” the banks said in a statement.

In Thursday’s court hearing, ICBC’s lawyers asked Judge David Waksman for an early ruling or a conditional order requiring Ambani to pay into court the unpaid sum and interest under the facility agreement. Ambani has declined to give any evidence of his wealth, they said.
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安尼尔•安巴尼拖到法院6.8亿美元未付贷款

三家银行同意贷款2012年安巴尼RCom钱,他已经拖欠。

  • 发布于2019年11月9日08:52点坚持
艾伦Milligan和乔纳森·布朗宁

三家中国银行起诉亚洲首富的兄弟在伦敦一家法院未能偿还6.8亿美元的拖欠贷款。

中国工商银行有限公司中国国家开发银行和中国进出口银行同意贷款9.252亿美元安尼尔•安巴尼的公司信实电信有限公司。2012年,条件是他提供个人担保,工商银行主管班克Thanki告诉法庭的律师。一些还款是由无线运营商,但2017年2月,拖欠付款的义务。

四面楚歌的印度大亨说,尽管他同意给一个不具约束力的“个人安慰信,”他从未给担保与他的个人资产——一个“特殊的潜在的个人责任。“他的兄弟穆凯什•安巴尼的价值560亿美元,是最富有的人在亚洲和世界上14富有。阿尼尔,另一方面,他的个人财富减少近年来,失去了他的亿万富翁的地位。

广告
中国工商银行“失败,继续失败,区分巴尼先生一方面,和公司的贷款被延长……另一方面,“安巴尼的律师罗伯特·豪在一份法庭文件中说。

安尼尔•安巴尼是主席信实电信今年早些时候,政府。他广泛的telecommunications-to-infrastructure帝国信实集团继续奋斗堆积如山的债务。7月,四个最大的单位,不包括电话公司,有大约9390亿卢比(132亿美元)的债务,彭博社报道9月。

安尼尔•安巴尼被卷入类似案件中今年早些时候,当印度最高法院与监狱威胁他的信实通讯失败后要支付55亿卢比爱立信公司的印度单位。法官给了他一个月找到资金,和他的兄弟,穆克什,介入使付款。

两兄弟的关系一直紧张他们的父亲去世后留下了一个巨大的帝国之间的分裂。而穆克什的石油和石化企业的繁荣发展,阿尼尔的资产减少。

一份提交给法庭的文件显示,阿尼尔去北京在2011年冬季协商贷款直接与中国工商银行董事长姜建清前。银行寻求股票质押贷款发放前,但法律纠纷中心安巴尼还是他的一个同事继续提供一个个人保证安全。

军队舒克拉,依赖的商业&财政部负责人签署了一份个人保证代表安巴尼委托书贷款7年前成立时,Thanki说。但安巴尼没有给Shukla权力对他来说,不具约束力的保证,他的律师罗伯特·豪说书面提交。

广告
“先生。巴尼的立场是,工行所声称的与他所谓的个人担保贷款RCOM是没有法律依据的,“大亨的发言人在一封电子邮件中说。

工商银行是唯一主张在伦敦的情况下,代表本身和其他两家银行。

“这是一个简单的未偿还贷款债务要求收复了善意RCOM,个人担保由安尼尔•安巴尼先生,”银行在一份声明中说。

在周四的法庭听证会上,工商银行的律师要求法官大卫Waksman早期执政的或有条件的订单要求安巴尼支付到法院未付金额和利息根据设施协议。巴尼也拒绝透露他的财富的证据,他们说。
  • 发布于2019年11月9日08:52点坚持
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<\/span><\/figcaption><\/figure>\n\nBy Ellen Milligan and Jonathan Browning

Three Chinese banks are suing the brother of Asia’s richest man in a London court for failing to pay back $680 million in defaulted loans.

The Industrial & Commercial Bank of China Ltd., China Development Bank<\/a> and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani<\/a>’s firm Reliance Communications Ltd<\/a>. in 2012 on condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court. Some repayments were made by the wireless carrier but in February 2017, it defaulted on its payment obligations.

The embattled Indian tycoon says that while he agreed to give a non-binding “personal comfort letter,” he never gave a guarantee tied to his personal assets - an “extraordinary potential personal liability.” He’s the brother of Mukesh Ambani, who’s worth $56 billion and is the wealthiest man in Asia and 14th richest in the world. Anil, on the other hand, has seen his personal fortune dwindle over recent years, losing his billionaire status.

ICBC “failed and continues to fail, to distinguish between Mr. Ambani on the one hand, and the company to whom the loans were being extended...on the other,” Ambani’s lawyer Robert Howe said in a court filing.

Anil Ambani was chairman of
Reliance Communications<\/a>, which fell into administration earlier this year. His wider telecommunications-to-infrastructure empire Reliance Group has continued to struggle under a mountain of debt. As of July, four of its biggest units, excluding the phone company, had about 939 billion rupees ($13.2 billion) of debt, Bloomberg reported in September.

Anil Ambani was caught up in a similar case earlier this year, when
India<\/a>’s Supreme Court threatened him with prison after Reliance Communications failed to pay to pay 5.5 billion rupees to Ericsson AB’s Indian unit. The judges gave him a month to find the funds, and his brother, Mukesh, stepped in to make the payment.

The brothers’ relationship has been fraught since their father’s death left behind a vast empire that was split between them. While Mukesh’s oil and petrochemicals businesses have flourished, Anil’s assets dwindled.

According to a court filing, Anil went to Beijing in the winter of 2011 to negotiate the loan with ICBC’s former Chairman Jiang Jianqing directly. The lenders sought a share pledge before granting the loans, but the legal dispute centers on whether Ambani or one of his associates went on to provide a personal guarantee as security.

Hasit Shukla, Reliance’s commercial & treasury head, signed a personal guarantee on Ambani’s behalf by power of attorney when the loan was set up seven years ago, Thanki said. But Ambani didn’t give Shukla the authority to sign for him, making the guarantee non-binding, his lawyer Robert Howe said in written submissions.

“Mr. Ambani’s position is that the claim made by ICBC in relation to his alleged personal guarantee for loans to RCOM is without merit,” a spokesman for the tycoon said in an email.

Industrial & Commercial Bank is the sole claimant in the London case, and is representing itself and the other two lenders.

“This is a straightforward debt claim to recover outstanding loans made to RCOM in good faith, and secured by a personal guarantee given by Mr. Anil Ambani,” the banks said in a statement.

In Thursday’s court hearing, ICBC’s lawyers asked Judge David Waksman for an early ruling or a conditional order requiring Ambani to pay into court the unpaid sum and interest under the facility agreement. Ambani has declined to give any evidence of his wealth, they said.
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