Industrialist Anil Ambani thanked his brother Mukesh Ambani for his timely support. With this, he avoided jail by paying back Swedish telecom giant Ericsson a day before a Supreme Court deadline.
Anil Ambani’s debt-hit Reliance Communications paid Rs.458.77-crore to Ericsson on Monday.
Last month, the top court had ordered Reliance Communications or RCom and two of its directors to pay Ericsson its dues within four weeks or face a three-month jail term for contempt of court.
Anil Ambani issued a late-night statement in which he said, “My sincere and heartfelt thanks to my respected elder brother, Mukesh, and (sister-in-law) 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.”