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3 Chinese banks sues Anil Ambani in London court for failing to pay $680 million unpaid loans

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(G.N.S) Dt. 9 Mumbai/London The Mumbai branch of Industrial & Commercial Bank of China (ICBC), China Development Bank and the Export-Import Bank of China agreed to loan $925 million to Anil Ambani’s firm Reliance Communications (RCom) in 2012 on the condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court. Some repayments were made by the wireless carrier. But in February 2017, it defaulted on its

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