HONG KONG (Bloomberg): Indian tycoon owners of bankrupt companies are being told their assets aren’t off limits.
Weeks after India’s criminal enforcement bureau announced a second auction of the prized personal possessions of fugitive jeweller Nirav Modi including his favourite watch and his Rolls Royce Ghost, the UK High Court recently asked Anil Ambani to deposit US$100 million of his personal wealth to partially pay back debt due to a trio of Chinese banks.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
