Yes Bank takes possession of Anil Ambani's group HQ in Mumbai for failure to repay dues
Mumbai Yes Bank has taken over the headquarter of Anil Ambani's group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore.
The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday.
Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the Santacruz office called 'Reliance Centre'. However, in the last few years, the fortunes of the group have gone south with the companies meeting various fates, including bankruptcies and stake sales.
Yes Bank said it had sought to recover dues of Rs 2,892.44 crore from Reliance Infrastructure on May 6 and took possession of the three properties on July 22 after a failure to repay even after 60 days of the notice.
It cautioned the general public not to deal with the properties, adding that any dealing with the properties will be subject to a charge of Yes Bank for an amount of Rs 2,892 crore.
Last year, the group was looking to lease out the same headquarters -- which admeasures 21,432 square metres as per the Yes Bank notice -- in an attempt to raise resources to pay off debts.
The other two properties are spread over two different floors in South Mumbai's Nagin Mahal, admeasuring 1,717 sq ft and 4,936 sq ft.
It can be noted that exposure to ADAG firms is blamed as among the key reasons for the high amount of bad debt piled up by Yes Bank. Due to the high amount of non-performing assets, the lender had to be bailed out by a SBI-led consortium of lenders for Rs 10,000 crore.
Before the bail-out, the government and the RBI superseded the Yes Bank board in March and installed a new chief executive and board.
On June 23, Anil Ambani had claimed that R-Infra, which has loans outstanding of Rs 6,000 crore, will be completely debt-free this fiscal year.
In 2018, the company sold its Mumbai energy business to Adani Transmission for nearly Rs 18,800 crore, which helped reduce the debt to nearly Rs 7,500 crore.
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Slain Australia beach shooting suspect native of Hyderabad: T'gana police
Hyderabad/Melbourne (PTI): Sajid Akram, the 50-year-old slain suspect in a mass shooting at a Hanukkah celebration at Bondi Beach in Australia, was an Indian citizen hailing from Hyderabad, Telangana Police revealed on Tuesday.
While he had migrated to Australia 27 years ago, Akram carried an Indian passport. Akram, along with his 24-year-old son Naveed Akram, recently travelled to the Philippines on an Indian passport.
Akram, one of the two suspects in the mass shooting that has left 15 people dead and dozens injured, migrated to Australia in 1998 and had limited contact with his family here since then, the Telangana DGP's office said in a statement.
"Sajid Akram (50) is originally from Hyderabad, India. He completed his B.Com degree in Hyderabad and migrated to Australia in search of employment, approximately 27 years ago, in November 1998," it said.
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He married a European-origin woman before settling permanently in Australia. The couple have one son, Naveed (the second suspect who is in custody at a hospital in Australia) and one daughter, it said.
Naveed and Akram's daughter were born in Australia and are citizens of that country, the statement said.
On Tuesday, Australian Federal Police Commissioner Krissy Barrett described the mass shooting as "a terrorist attack inspired by the Islamic State."
According to Australian authorities, the suspects were a father and son, aged 50 and 24. The older man, who was identified as Sajid Akram, was shot dead.
The Telangana police said Akram visited India on six occasions after migrating to Australia, primarily for family-related reasons such as property matters and to meet his elderly parents.
It is understood that he did not travel to India even at the time of his father's demise, the statement said.
The family members have further expressed no knowledge of his radical mindset or activities, nor of the circumstances that led to his radicalisation, police said.
"The factors that led to the radicalisation of Sajid Akram and his son, Naveed, appear to have no connection with India or any local influence in Telangana," Telangana police said.
Telangana Police further said it has no adverse record against Akram during his stay in India before his departure in 1998.
The state police said it remains committed to cooperating with central agencies and other counterparts, as and when required, and urged the public and media to avoid speculation or attribution without verified facts.
Quoting security sources, Australia's ABC News reported that Akram and Naveed travelled to the Philippines to receive "military-style training".
"Investigators are now examining the Akrams' ties to an international jihadist network, after discovering the pair travelled to Manila in early November," it said, quoting officials briefed on the investigation.
The Philippines Bureau of Immigration confirmed the pair arrived in the Philippines from Australia on November 1, declaring the southern city of Davao - a hotbed for Islamic militants since the 1990s - as their destination, it said.
"They left the country on November 28, 2025, on a connecting flight from Davao to Manila, with Sydney as their final destination," ABC News quoted the Philippines' Bureau of Immigration spokesperson Dana Sandoval as saying.
Sandoval said Akram entered the country on an Indian passport, while his son, Naveed, entered on an Australian passport.
In the Philippines, Undersecretary of the Presidential Communications Office and Press Officer for Malacanang Palace Claire Castro said that the National Security Council (NSC) is currently looking into reports that the father and son duo travelled to the country a month before the attack.
