Three Chinese banks are suing Reliance Group chairman Anil Ambani in a London court for failing to pay back $680 million in defaulted loans. The Mumbai branch of ICBC, China Development Bank and the Export-Import Bank of China agreed to loan $925 million to Anil Ambani’s firm RCom in 2012 on the condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34KIw0u
