A CBI question for Anil Ambani and the Marans’ hefty pay cheques
A fresh CBI case against former Yes Bank chief Rana Kapoor mentions two ADAG firms and the Marans remain undeterred by opposition to their compensation.
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Editor's note: Surendar here. Just when it looked like Anil Ambani was making an unlikely comeback, his name popped up in a new case opened by the Central Bureau of Investigation (CBI) against Yes Bank’s former chief Rana Kapoor. Till now, Ambani had managed to steer clear of such an investigation. What next? The Marans of Sun TV, on the other hand, face no such uncertainty. They continue to pay themselves a hefty salary, shareholders be damned. Read on. Fresh trouble for Anil Ambani? In December, we wrote that Anil Ambani may well be making a slow but sure comeback with his company Reliance Infrastructure, where he is retiring debt and acquiring additional stakes. It seemed like the worst was behind Ambani, once India’s second richest man and the world’s sixth wealthiest. As corporate defaults go, it looked like nothing was amiss despite several of his companies being wound up and bank loans and other debt worth Rs 100,000 crore simply evaporating. Ambani admitted personal bankruptcy in the UK and the government restrained large public sector banks like the State Bank of …
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