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MUMBAI: Anil Ambani’s ambitious defence plans appear to have hit a speed bump with bankers seeking his personal guarantee on loans to Reliance Defence and. said they want one from Ambani. There was no reply to an email sent.
New Delhi, May 4 (PTI) Embattled tycoon Vijay Mallya has defended his position of not being personally liable for repayment of Rs 9,431 crore loan to now defunct Kingfisher Airlines saying he had given personal guarantee. there.
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A California jury this week found that Guaranteed Rate and loan officer Benjamin Anderson defrauded his former employer, Mount Olympus Mortgage, by downloading and transferring more than 200 active loan files and personal.
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Vijay Mallya did not have any intention to honour personal guarantee he had given to IDBI Bank, even before his now defunct Kingfisher Airlines allegedly got involved in a loan default worth Rs 900 crore, claims CBI.
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