A protester holding an effigy depicting billionaire jeweller Nirav Modi during a rally in Kolkata, India. - Reuters
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.
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