A year after declaring bankruptcy, Anil Ambani’s offshore dealings worth $1.3 bn leaked

News Network
October 4, 2021

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A year after declaring bankruptcy to a UK court, the Pandora Papers report showed that Reliance ADAG chief Anil Ambani, along with his representatives, has at least 18 offshore companies located in Jersey, Cyprus and other companies, securing wealth in tax havens across the world.

The Indian Express, in a joint investigation led by the International Consortium of Investigative Journalists, reported that of these 18 companies set up between 2007 and 2010, seven have received loans from bank guaranteed by Reliance/Anil Ambani and invested nearly $1.3 billion.

Batiste Unlimited and Radium Unlimited, Ambani’s companies in Jersey, were incorporated between December 2007 and January 2008 and are owned by Reliance Innoventures Pvt Ltd.

Other Jersey companies Summerhill Ltd and Dulwich Ltd are owned by a “representative of Anil Ambani”. Laurence Mutual; Richard Equity Ltd and German Equity Ltd are also based in Jersey and linked to Ambani.

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News Network
May 13,2025

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Srinagar: Following an unprecedented episode of intense cross-border shelling by the Pakistan Army that directly targeted the towns of Rajouri and Poonch in Jammu and Kashmir, the Indian government is moving to construct community bunkers in these towns and other vulnerable areas along the Line of Control (LoC).

While the government has, over the past decade, supported the construction of both individual and community bunkers along the LoC and the International Border (IB), towns like Rajouri and Poonch had been excluded from such initiatives. These towns were considered safe, as previous shelling incidents were largely restricted to forward villages closer to the border.

Officials now say the latest shelling marks a dangerous shift in the pattern of cross-border hostilities.

“The nature and intensity of the attack marked a significant departure from past ceasefire violations. For the first time in years, heavily populated towns like Rajouri and Poonch were directly hit,” a senior official said.

Caught unprepared, residents in both towns had little access to protective infrastructure as long-range mortar shells struck deep inside civilian areas.

“People weren’t expecting this—these towns had never been targeted before. Without bunkers, many had nowhere to go for safety,” the official added.

In response, the government now plans to build community bunkers at strategic locations throughout Rajouri and Poonch. These reinforced shelters will offer immediate protection to civilians during any future shelling incidents.

“In areas where individual bunkers aren't viable, community shelters become essential. These will provide residents with quick access to safety in emergencies,” the official noted.

The attacks have left local communities rattled.

“This is the first time shells landed so close to our homes in Poonch town,” said Abdul Rashid, a resident. “We never thought this would happen here.”

The sudden escalation has disrupted the fragile calm along the LoC, raising concerns over a potential return to more violent confrontations in the region.

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News Network
May 10,2025

Mangaluru, May 10: A new chapter in Mangaluru’s infrastructure story unfolds on May 16, as Chief Minister Siddaramaiah arrives to inaugurate two transformative projects: the newly built Deputy Commissioner’s Office at Padil and a world-class indoor stadium at Urwa.

These developments signal a strong push toward better governance and enhanced urban amenities in the coastal city.

₹75 Crore DC Office

The new DC Office, spread across a modern campus at Padil, comes with a price tag of ₹75 crore. Initially budgeted at ₹55 crore, the project received an additional ₹20 crore under the Smart City Mission, aimed at integrating technology and convenience in public administration.

“This facility reflects our vision of a centralized, people-friendly government. With 23 departments under one roof, citizens can now access services more efficiently,” said District In-charge Minister Dinesh Gundu Rao.

The phased relocation of departments will begin on the day of inauguration and be completed over the next 2 to 3 weeks.

₹35 Crore Indoor Stadium Opens Doors

Also on the agenda is the grand opening of Mangaluru’s new indoor sports complex in Urwa, built for ₹35 crore. This ultra-modern facility is equipped to host national-level indoor events and will offer quality training infrastructure for emerging sports talent in the region.

Initiated during Siddaramaiah’s previous term, both the stadium and DC Office projects are now ready for public use and are expected to create lasting impact.

“These projects are not just buildings. They are investments in governance, youth, and the future of Mangaluru,” said Rao.

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Agencies
May 9,2025

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The Ministry of Defence has urged media outlets, digital platforms, and individuals to refrain from live coverage or real-time reporting of defence operations and troop movements.

Citing the risks to operational success and personnel safety, the Ministry highlighted past incidents — including the Kargil War, the 26/11 attacks, and the Kandahar hijacking — where premature information disclosure had severe consequences.

"Under Clause 6(1)(p) of the Cable Television Networks (Amendment) Rules, 2021, only authorised officials are permitted to release updates during anti-terror operations," the Ministry stressed. It called for responsible reporting and greater sensitivity towards national security concerns.

Meanwhile, Defence Minister Rajnath Singh chaired a high-level review of the country’s security situation on Friday (May 9, 2025) at South Block in New Delhi, following the foiled large-scale drone strike launched by Pakistan on Thursday.

The meeting was attended by senior military leadership, including Chief of Defence Staff General Anil Chauhan, Chief of Army Staff General Upendra Dwivedi, Chief of Naval Staff Admiral Dinesh K Tripathi, Chief of Air Staff Air Chief Marshal Amar Preet Singh, and Defence Secretary RK Singh.

The security review comes in the aftermath of Operation Sindoor, in which Indian Armed Forces struck nine terror infrastructures across Pakistan and Pakistan-occupied Kashmir on Wednesday, prompting Pakistan’s attempted retaliation.

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