Chinese banks demand $2.1 billion from tycoon Anil Ambani’s RCom
NEW DELHI:Chinese lenders，including China Development Bank，Industrial and Commercial Bank of China and Exim Bank of China，have demanded at least $2.1 billion from embattled tycoon Anil Ambani’s Reliance Communications Ltd，that slid into bankruptcy earlier this year.
State-owned China Development Bank，with loans worth Rs 9，860 crore（$1.4 billion）was the biggest creditor to the indebted telecom company，according to a filing made by the company to stock exchanges.Exim Bank of China sought payment of Rs 3，360 crore，while Industrial and Commercial Bank of China claimed Rs 1，554 crore，as per the filing.
The bankruptcy court is hearing lenders，and the former billionaire’s telecom firm as it attempts to find buyers for the company’s assets and pay debt.Anil Ambani’s older sibling and Asia’s richest man Mukesh Ambani’s Reliance Jio Infocomm Ltd had earlier offered topurchase RCom’s assets in a Rs 17，300 crore deal，which would have helped partly pay off lenders.The deal fell through after encountering regulatory hurdles.
Mukesh Ambani had in March helped his younger brother avert the risk of being jailed by making an $80 million payment on his behalf to the local unit of Ericsson AB for past maintenance services.
Following is a list of Reliance Communication’s top seven lenders as of June 13.Chinese banks account for about one-fourth of the total claims.
Investment bank VTB Capital of Russia has also featured in the list with a claim of Rs 511 crore while Standard Chartered Bank（London），Deutsche Bank（Hong Kong），DBS Bank and Emirates NBD Bank are among other foreign institutions in the financial creditors chart.
Surat·1 day ago
Dont pay to China
Gupta Virupaksha·jn·2 days ago
It make me amused，how these banks lend money？
If ordinary citizen go for loan to banks，they don”t give.
Srini·hyd·2 days ago
Because his loans are facilitated by Modi
Paagal·1 day ago
any reliable source？or just figment of your imagination？
Rohit·2 days ago
remember my father used to go to bank for a month to get home loan，then education loan for me.
how difficult it was，his plea used to turned down coz he was a farmer.
rich moves the world.
Vivek·Chandigarh，India·2 days ago
Can some one pls explain the procedure to take loan from China banks！！Besides how does SBI give loan worth 4k crores？I don’t even get a single crore leave thousands！！
News Club·1 day ago
The procedure is simple you have to finance BJP”s fake agenda in next elections include the salaries for IT cells.Then all the National banks will open the doors for you include the Govt guarantees for foreign lenders.Chowkidar chor hai and befriend him by bribing him.
thakur ravi kumar·2 days ago
OMG this guy how he lost so much money in the span five years？I read once he is the richest person in India..Where did all the money go？
News Club·1 day ago
He transfer the assets to his brother then declare bankruptcy for public money，his brother is richest in Asia and he still govt Rafael deal from Govt.
Middle Class·2 days ago
I think this Anil has Congress contacts..otherwise instead of so many Japan and US banks which offer low interest he went to Rogue country banks..…
NRI Musical·1 day ago
He has got NAMO contact.Otherwise who in the world will give defence contracts of a country.
Hem Nath·1 day ago
I saw a property which was giving a rental of over 0.8%of loan on monthly basis.I said bank that they can consider my salary and the rental income and give me loan.They declined！They said my income does not meet their criteria.How on earth did they give 1000s of crores to Anil Ambani？
Savitha KL·Bangalore·2 days ago
Our useless govt banks have different rules for us and the rich n famous
Keep an eye on all →flights flying to London or England、、
ibhu Bansal·2 days ago
Banks are open to giving billion $ loans without due diligence
g chandrasekar·Chennai·2 days ago
How come anil ambani was chosen to collaborate with defense ministry in the manufacture of rafale aircraft.all anil ambani connections with the deal needs to be scrapped
Excabar Poseidon·Kolkata·2 days ago
Now Moron Bhakts willsay Anil did a surgical strike on China and should be forgiven
someshwar·pune·2 days ago
he has 30 thousand crore，why cant he pay off？
Sheik Mohamed·1 day ago
NAMO may ask public sector banks to lend money to this firm enabling it pay to Chinese Bankers.
Ashish Jain·Delhi·2 days ago
Anil Ambani walked into a debt trap setup for him by international banks.Now he will be both humiliated and destroyed.
Wkr·1 day ago
How the rich manage to get huge loans
Pais Hilary·1 day ago
There is no need to worry.Prime Minister Narendra Modi and Rafale will see him through.
Amar R·2 days ago
So does RBI have any policy limiting Corporate indebtedness to China banks？By this route China creditors can take over Indian corporate assets.
Mariana·Others·1 day ago
Now that’s something good，use Chinese loans and don’t pay back.Atleast somebody managed to swindle China.More Indians should do that and Indians should not be extradited to China for that crime.
Dinesh·1 day ago
no worries..these loans will be written off like earlier.only the tax payers are at loss.the public money will be used to pay theses loans.only question is how can someone like him can get involved in Rafael deal.？？
Shahenshah·Kolkata·1 day ago
My goodness what he did with all that money.Where it has gone？
Brijesh Chougule·1 day ago
His Greed and arrogance had destroyed all his business.