~:C.C.4.U:~ INDIAN BILLIONAIRE COULD LOSE

 

  INDIAN BILLIONAIRE COULD LOSE

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Indian billionaire could lose  'world's most expensive home' over claims  the land was sold illegally 27-storey tower built on land 'earmarked for children's education'   By Daily Mail Reporter India's richest man could lose his 27-storey family home - thought to be the  world's most expensive - because of claims the land was sold illegally. Mukesh Ambani is facing a federal probe into the construction of his luxury  £615million tower block  on Mumbai's Arabian seafront because government  ministers claim the plot had been reserved for the education of Muslim children. The land was sold to Mr Ambani by the Currimbhoy Ebrahim Khoja Orphanage  Trust for £3million (215million Indian rupees) in 2002. Stunning: Antilia, built by tycoon Mukesh Ambani for his family of four, towers 27-storeys over Mumbai, India The deal was approved by the Mumbai Charity Commissioner. But Mahammed Arif Naseem Khan, the Maharashtra Minority Affairs and Wakf minister,  said the deal was not given the green light by the Maharashtra State Wakf Board,  which looks after property or land reserved for religious or charitable purposes. Glitz and glamour: Crystal chandeliers take up most of the ceiling in the ballroom.  There is also a stage for entertainers and a kitchen which can serve hundreds of guests Fine rugs, chandeliers and mirrors feature heavily in the numerous sitting areas lthroughout the building The Board has now launched legal action to recover the 48,782 square foot site. ND Pathan, its chief executive, said neither the children's charity nor  the charity commissioner were authorised to allow it to be sold.   Mr Khan said: 'We have appointed an inquiry commission to investigate the  matter and the probe is still on.' He added that a decision on whether to call in India's Central Bureau of Investigation would not  be made until the current inquiry had been completed. Extravagant: The 27-storey property towering over Mumbai. It features three helipads,  a swimming pool and a four-floor hanging garden Tycoon: Mukesh Ambani, who owns much of oil and retail giants Reliance Industries,  paid £44million to build the property Each floor of the tower is made from different materials to give an individual look.  Numerous powder rooms and reception areas lead off the lobby which has nine elevators  Mr Ambani, the chairman of Reliance Industries and the world's ninth richest man,  with an estimated worth of £16billion, moved his wife and children  into the 570ft tower last year. The property, called Antilia, has three helipads, six floors of parking, a ballroom,  several swimming pools and a 50-seat cinema. The dispute over the sale, a widespread problem across India and particularly in big  cities like Mumbai where land is scarce, has been rumbling since 2004 when the Wakf  board asked Mr Ambani why the land should not be returned to the charity. The opposition leader in the state assembly, Eknath Khadse, of the Bharatiya Janata Party,  claimed that the plot was actually worth five billion rupees. A Reliance Industries spokesman said that the matter was between the Wakf board and the  orphanage and had nothing to do with the company. He said: 'It was always the property of the Wakf. The orphans living at the home were  moved to another property at the time of the sale.'

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