led to rcom closing down in 2017ambani claimed he had a personal deficit of 305 million rs 2181 crore and that his net worth had collapsed from more than 7 billion about rs 50000 crore in march 2012 to zero in december 2019in a witness statement ambani told the court the current value of my shareholdings is down to approximately 824 million approximately rs 589 crore and my net worth is zero after taking into account my liabilities in summary i do not hold any meaningful assets which can be liquidatedbankim thanki qc representing the banks pointed out there was a dichotomy between ambanis claims of poverty and his lavish lifestyle consisting of a 3 million rs 214 crore fleet of luxury cars a luxury yacht named tian now worth 56 million rs 400 crore which he had gifted his wife a bombardier private jet and helicopterone is bound to ask why he cant arrange for his companies to sell those assets and use the funds to pay the courts waksman saidthanki said ambani was living on two floors of seawind the 17storey property in cuffe parade mumbai that is thought to be wholly owned by the ambani family albeit via investment entities andor shell companiesthanki argued that ambanis brother mukesh mother kokila wife tina and sons anshul and anmol were all extremely wealthy that his business interests were closely interwoven with the ambani business empire and that they were all in a position to give him financial assistance ambanis statement of net worth submitted to the court showed he had received substantial personal loans totalling 11388 million rs 814 crore from his mother kokila and son anmol thanki said there was evidence of mukesh coming to his brothers rescue last year when ambani faced three months imprisonment for contempt of court in proceedings against rcom by ericsson in the supreme court of india but ambani argued it was a corporate transaction which waksman determined was a misleading spinit remains unclear how he is funding his 700000 approximately rs 5 crore legal fees in these proceedings thanki also saidambani in his evidence said that his cars jet and helicopter and yacht were held by corporate entities rather than him personally and that he paid his legal fees out of his current year incomethanki criticised ambanis statement in which he had repeatedly said in respect of different family members enquiries made but no loan can be availed from therethanki said this is obviously deliberately vague who asked whom did they ask and what was the nature of the enquiry and what was the response repetition of language no loan can be availed is not the same as they cant provide assistance with the conditional payment the court wantshowe responded it is an indian providing this document and the use of english in india is different he added his lifestyle doesnt share evidential light on whether he has ready access to hundreds of millions of dollars there is no giant pot of