Anil Ambani Thanks Brother Mukesh Ambani For Paying Off Rs 550 Crores to Ericsson

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Anil Ambani Thanks Brother Mukesh Ambani For Paying Off Rs 550 Crores to Ericsson
Anil Ambani Thanks Brother Mukesh Ambani For Paying Off Rs 550 Crores to Ericsson

Last month Apex Court had held Anil Ambani in contempt for not paying dues of Ericsson despite promising to do the needful. The Supreme Court had also stated that it would send Anil Ambani as well as Chhaya Virani and Satish Seth- chairmans of RCom unit to jail if they fail to pay the dues in next four weeks. Now Mukesh Ambani has come to his brothers rescue and has paid the amount due to Ericsson.

Anil Ambani, Chairman thanked his brother and Nita Ambani for timely support to clear the dues. In a statement he said, “My sincere and heartfelt thanks to my respected elder brother, Mukesh and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support. I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture.

It is also reported that RCom has made a payment of Rs 550 crore and interest thereon to Ericsson. Ericsson spokesperson confirmed that they have received the full payment from the Reliance Communications (Rs 458.7 crore) on Monday and Rs 118 crore previously.