Anil Ambani Lands in Srinagar, Drives to Gulmarg

8Shares

Anil Dhirubhai Ambani- File photo

Srinagar- Anil Dhirubhai Ambani, a well known business tycoon arrived in Srinagar on Friday and later drove to the ski resort of Gulmarg.

Reports said that the Chairman of Reliance Group, arrived at Srinagar Airport at around 03:30 PM along with his family.

Unconfirmed reports said that Ambani will be meeting the top officials of the administration at Gulmarg.

Pertinently Ambani arrived in Srinagar a week after three State-run lenders, State Bank of India (SBI), Union Bank of India (UBI) and Indian Overseas Bank (IOB), classified accounts of the Anil Ambani owned Reliance Communication Ltd (RCom) and its two units Reliance Telecom Ltd (RTel) and Reliance Infratel Ltd (RInfra) as fraudulent.

According to a report from the Economic Times (ET), with SBI, UBI and IOB declaring RCom, RTel and RInfra accounts as fraudulent, the bankruptcy resolution process of RCom may hit another hurdle.

Media reports said the total amount that the three firms of Anil Ambani owe to the banks is over Rs 49,000 crore, out of which Reliance Infratel has debt of Rs 12,000 crore and Reliance Telecom owns Rs 24,000 crore.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS