Indian industrialist Anil Ambani addresses a press conference in Mumbai in December 2008. Photo: AP

Chinese banks sue Anil Ambani, brother of Asia’s richest man, over US$680 million in unpaid loans

  • Indian tycoon’s sibling Mukesh Ambani is worth US$56 billion, but his own personal fortune has dwindled over recent years
  • Case centres on whether Anil Ambani gave personal guarantee for loan made to his firm, Reliance Communications
Topic |   India

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Indian industrialist Anil Ambani addresses a press conference in Mumbai in December 2008. Photo: AP
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