04 Aug '11, 12am

India's richest man may lose 27-storey, S$1.2 billion home on claims the land was sold illegally

NEW DELHI - India's richest man faces the prospect of losing the world's most expensive family home after claims that the land it was built on was sold illegally. Mr Mukesh Ambani, the world's ninth wealthiest man, moved his family into their 27-storey tower block home, named Antilia (picture), on Mumbai's Arabian seafront last year. The home, which is claimed to have cost more than US$1 billion (S$1.21 billion), has three helipads, a 50-seat cinema, several swimming pools, a ballroom, six floors of parking for 160 cars and space for 600 domestic staff. But the petro-chemical magnate with a personal fortune of more than £16 billion (S$31.5 billion) could lose it. Mr Mohammed Arif Naseem Khan, the local Minority Affairs Minister, told the state assembly that the plot was illegally sold by a children's charity which ran an orphanage on the site. He said the land was owned by...

Full article: http://www.todayonline.com/World/EDC110804-0000218/Indias...

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