Three Chinese banks are suing Anil Ambani in a London court for failing to pay back $680 million in defaulted loans.
Chinese Bankers drag Anil Ambani to London Court
The Industrial & Commercial Bank of China Ltd., China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani’s firm Reliance Communications Ltd. in 2012 on condition that he provide a personal guarantee, ICBC...
