Three Chinese banks are suing the brother of Asia’s richest man in a London court for failing to pay back US$680 million in defaulted loans.The Mumbai branch of Industrial and Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan US$925.2 million to Anil Ambani’s firm Reliance Communications in 2012 on condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court.Some repayments were made by the wireless carrier, but in…


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