Lease was given in 2009 for a period of 30 years. Govt is also thinking of paying off dues on condition that Ambani's firm pay back so that the airports can be restarted, he adds.
The probe pertains to the alleged possession of undisclosed assets abroad and the linked movement of funds. Anil Ambani is expected to reappear before the ED later this week.
SEBI in February had issued a retraining order on founder Ambani and other top executives of a group entity, Reliance Home Finance, for allegedly diverting funds to repay debt.
Reliance Capital joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.
The Reliance empire was plunged into uncertainty in 2002 when Dhirubhai Ambani died without a will, subsequently sparking a years-long battle for control between brothers Mukesh and Anil.
With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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