Anil Ambani, younger brother of Mukesh Ambani (Anil Ambani)He has gone through many ups and downs in his life. Anil Ambani’s company, which was once one of the richest people in India, has a debt of thousands of crores and is unable to pay it. Blackmoney here (Blackmoney) A big decision has been taken against Anil Ambani. In March 2022, the Mumbai unit of the Income Tax Investigation Wing passed an order against Anil Ambani under the Black Money Act 2015. Anil Ambani’s undeclared offshore assets of Rs 800 crore were first declared in 2019. In respect of which this order has been declared.
According to a report in the Indian Express, questions were sent by Anil Ambani’s department in this regard, which were not answered. In 2020, Anil Ambani told a UK court that he had gone bankrupt and had zero assets. The case involved the repayment of an eight-year-old loan from three Chinese banks.
Anil Ambani is the beneficiary of these offshore companies
The BMA order states that Anil Ambani is a beneficiary of offshore companies in the Bahamas and the British Virgin Islands. In the Bahamas in 2006, he founded the Diamond Trust, which helped establish the DreamWorks Holding Company. In this regard, some important information was requested from the Bahamas administration on behalf of the Foreign Tax and Tax Research (FTTR) Department of the Central Board of Direct Taxes (CBDT). A Swiss bank account is located at UBS Bank’s branch in Zurich.
Company formation in BVI in 2010
Anil Ambani formed another unannounced offshore company in 2010. The company was opened in the British Virgin Islands called North Atlantic Trading Limited. The bank account of this company is linked to the Bank of Cyprus.
Pandora Papers released
Recently, Pandora Papers went public. Accordingly, Anil Ambani owns 18 offshore companies. The above two companies are also included in this list. The Indian Express also revealed this.
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