Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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Few years back Anil Ambani declared that his net worth is zero and has borrowed funds from mother and sold wife’s jewellery to pay legal fees. His statement is coming true after 9 years, and may need to walk the talk, as RInfra and RPower slip out of his control.
No doubt, the family issued a statement for the first time since July 2025; till now they were using the RInfra and RPower machinery to release statements at every stage.
If RInfra lands up at NCLT in 2027 and a IRP is appointed, the first thing they are going to do is to make CLE expedite the payments of 6000 crore plus to RInfra. This would be in addition to the 73000 crore loan siphoning pegged by CBI.
From an expansive empire to ground zero, Anil Ambani has seen it all going away in last 20 years. The war he waged on his brother could not have a more ironic ending 20 years later. While funds are stashed abroad, the fund manager Amitabh Jhunjhunwala is stashed inside Tihar, with anyone agency waiting for the first agencies remand to get over. Even inmates don’t want him to leave anytime soon, as his dancing moves at 70 has fans demanding he shows his Govinda moves, and tries his skills at mimicking Amitabh bacchhan for evening entertainment of some hardened ones every evening. The multi faceted fund manager who was behind production of many movies, has started doing evening shows himself on popular Bollywood numbers to keep others entertained with agility & stamina of a 17 year old.
Going back on the latest attachments, Anil Ambani is left with no business or business operations under his control in his home country once the attachment becomes permanent in 6 months. The strategy of investigators is getting clearer, they are securing assets to cover the defaults and siphoning.