Anil Ambani on Friday stated before a UK Court over a lawsuit brought by three Chinese banks that he has taken sold all jewellery and taken a loan from his wife and family. He said he now owns “nothing meaningful”.
He had earlier applied for private proceedings to be held which was rejected by the Court.
Ambani said he has borrowed Rs 500 crore from his mother and Rs 310 crore from his son Anmol.
Ambani claimed, “I have not used my credit card” when asked why there were no latest credit card statements.
When he was questioned about the yacht he had gifted his wife Tina Ambani. Ambani said that he suffers from seasickness and that the family has not used the yacht for many years. He contended “I am a 61-year-old man, I lead a very disciplined lifestyle. I do not drink…I do not smoke. Any suggestion of a lavish lifestyle is the creation of the media”.
Anil Ambani further said “I have never owned a Rolls Royce. I use just one car at present”.
When he was asked if he was genuinely “interested in helping the court” and whether “everything has been disclosed”, Ambani held that “True and fair statements have been furnished”.
In 2012, Anil Ambani took a loan of over $700 million for his company, Reliance Communications (RCom) from three Chinese banks for which he provided personal guarantee.
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Anil Ambani