Mukesh Ambani helps brother avoid jail

Ambanis
Mukesh Ambani and Anil Ambani

Reliance Industries chairman Mukesh Ambani on Monday came to the rescue of younger brother Anil Ambani, who was facing a jail term over the unpaid dues of Rs 453 crore to Ericsson.

Last month, the Supreme Court had directed Anil Ambani, the chairman of Reliance Communications (RCom), and two directors to pay Rs 453 crore to the Swedish company within four weeks. If failed, the trio faced a three-month jail term for contempt of court.

Apparently, Anil Ambani could pay the amount a day before the deadline of March 19, as Ericsson claimed to have received Rs 462 crore from RCom.

Soon Anil Ambani has put out a statement that read:  “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.”

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