Aug 14, 2018 · A primer on the allegations that Anil Ambani has benefited from Narendra Modi’s deal to buy 36 fighter jets from France. The key to Congress President Rahul Gandhi’s concerted attack on Prime ...
Sep 24, 2018 · New Delhi: Dassault, one of the world's most established and experienced defence manufacturers, picked Anil Ambani's debt-ridden firm as a partner in India, "because it was registered with the MCA ...
Jul 04, 2021 · Though the 36 Jets purchase from Rafale is a direct deal between India and France, the role of Anil Ambani as a Joint Venture (JV) partner with Dassault in the offset contract was also seen as controversial. As per the French Media, the probe also covers how in the JV, Dassault has only 49% of the shares having invested 150 million euros and Anil Ambani’s firm …
Oct 05, 2020 · A complaint filed on 4 October 2018 with the Central Bureau of Investigation (CBI) by lawyer Prashant Bhushan and former Union Ministers Yashwant Sinha and Arun Shourie held that on 3 March 2015 Ambani had met PM Modi.
Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman. He was the chairman of Reliance Group (also known as Reliance ADA Group), which was created in July 2006 following a demerger from Reliance Industries Limited.He leads a number of stocks listed corporations including Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance …
Dassault has maintained that it began talks with Mukesh Ambani's firm in 2012, then changed later to discussions with the company headed by his brother. That's because Mukesh Ambani, the country's richest man, exited the Rafale landscape over the complicated and lengthy procurement rules that accompany defence deals;
Those who defend the new Rafale deal say that HAL priced itself out of the deal because the number of hours and people it needed to build the planes was far larger than what Dassault was offering in France.
The video of the Dassault chief, Eric Trappier, professing this, was shared on social media on Monday by the opposition Congress to bolster its claims that PM Modi cut out HAL to favour Anil Ambani, whose rookie defence manufacturing company benefitted greatly from the new deal.
Rafale deal: Dassault has emphatically said it was not influenced to pick Anil Ambani. New Delhi: Dassault, one of the world's most established and experienced defence manufacturers, picked Anil Ambani's debt-ridden firm as a partner in India, "because it was registered with the MCA (Ministry of Corporate Affairs) and had land in Nagpur which ...
The Rafale jets purchase controversy is refusing to die. From 2008 onwards India’s decision to purchase Rafale Jets from France-based company Dassault is facing one controversy after another.
First, in 2008, India decided to buy 126 Rafale Jets after inviting tenders. The main contender Eurofighter lost the contract. At that time Rafale was used only in four countries – Libya, Qatar, Saudi Arabia and France. Multinational Eurofighter was used in many countries.
Anil Ambani is the younger son of the founder of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben. Ambani has said that his father would lead the brothers on "incentive-oriented outings" where they would be rewarded a box of mangoes for a 10-km hike, but also punished them for acting out in front of guests. He earned his Bachelor of Science degree from Kishinchand Chellaram College and received a Master in Business Administration at the Wharton School of the University of Pennsylvania in 1983.
US$82.5 million in assets against US$305 million in liabilities (February 2020) Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman. He is the chairman of Reliance Group (also known as Reliance ADA Group ), which was created in July 2006 following a demerger from Reliance Industries Limited. He leads a number of stocks listed ...
He has contributed to the production of several Spielberg films, including the Academy Award -winning Lincoln. Ambani gained notoriety as one of the fastest destroyers of shareholder wealth in the last 100 years with the combined group market cap declining by 90% since the formation of the Reliance ADA Group.
Ambani's father Dhirubhai died in 2002 without leaving a clear succession plan. After bickering between Anil and his brother Mukesh, their mother Kokilaben mediated and split the family owned businesses between the two brothers.
Ambani belongs to Gujarati community. He is married to Indian actress Tina Munim and they have two sons, Jai Anmol Ambani and Jai Anshul Ambani. Ambani is the younger brother of Mukesh Ambani and has two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.
Ambani, once the sixth richest person in the world, declared before a UK court in February 2020 that his net worth is zero and he is bankrupt, although the veracity of that claim is in question.
Speaking to The Quint, MK Venu said, "We are not targeting any organisation – Ambani or Adani. We are just asking questions of the government: Why are they being so generous to specific organisations? Where is the public money going?"
The second case was filed on 24 September by Reliance Infrastructure, Reliance Defence and Reliance Aerostructure against columnist Ajai Shukla, founding editors Siddharth Varadarajan, Siddharth Bhatia and MK Venu, along with Muralidhar and the Foundation of Independent Journalism.
Media portal The Wire has been sued by Anil Ambani’s Reliance Group after it conducted a video discussion on the Rafale deal, the news website announced on Monday, 26 November. MK Venu, founder-editor of The Wire, tweeted:
Anil Ambani’s Downfall. In the last two decades, after the partition of the Reliance empire due to the founder’s death, Dhirubhai Ambani, the two heirs Mukesh and Anil have followed an opposite trajectory. While Mukesh Ambani became the 6th richest person in the world, Anil Ambani has reportedly admitted in a London court ...
According to the report, a few months before this tax relief, India’s Prime Minister Narendra Modi announced his plans to buy 36 Rafale fighter aircraft with French company Dassault Aviation.
However, Dassault had responded saying it was not influenced to pick Anil Ambani’s company. Later, it was reported by the French media that the French government gave a tax exemption of about 1100 crores to a company of Anil Ambani between February and October 2015. According to the report, a few months before this tax relief, ...
2014, however, started brewing trouble for Anil Ambani as his companies had taken huge debts. This year his media venture with Adlabs also collapsed and he had to resort to selling the screens. He also began selling a stake in the remaining TV businesses to Zee Entertainment.
Anil Ambani also saw immense growth in wealth in the initial stages. Anil Ambani began his solo ride by investing in industries that provided quick returns. It goes without saying that the risk was high too. In 2005, he bought Adlabs which got him into the entertainment business. A few years later in 2008, he signed a deal with Steven Spielberg’s DreamWorks. The Film Lincoln produced by DreamWorks also won an Oscar.
The competition between the two brothers was not limited to business. When Mukesh had bought a $52 million jet for his wife it was alleged that Anil bought his wife an $80 million yacht. The feud at this scale sounds bizarre as the brothers shared the same house till 2012.
Mukesh Ambani is said to have a net worth of $53 billion as of 2020. According to Bloomberg, his wealth could help the Federal government for 20 days in 2018. This makes him Asia’s richest, a billion short of getting his entry into the top 10 richest list.
In 2005, he bought Adlabs which got him into the entertainment business. A few years later in 2008, he signed a deal with Steven Spielberg’s DreamWorks. The Film Lincoln produced by DreamWorks also won an Oscar. In 2008, Anil was the world’s 6th richest person with $42 billion in wealth.
The most notable industry entered would be when Mukesh Ambani led Reliance Industries ventured back into the telecom industry. It used its earlier acquisition of a telecom company called Infotel and came out with Jio Infotel popularly known as Jio. His new venture, Jio, caused severe disruption in the Industry.
Even though the brothers have torn into each other in the last two decades, it is noteworthy that they also once ran Reliance together. It is also said that during the period they knew each other so well that they would finish each other’s sentences.