Anil Ambani, chairman of Reliance Group. Photo: EPA Anil Ambani, chairman of Reliance Group. Photo: EPA
Anil Ambani, chairman of Reliance Group. Photo: EPA
India

Indian telecommunications tycoon Anil Ambani thanks richer brother for payment to avoid jail

  • Time was running out for Reliance Communications to settle a US$80 million debt to the local unit of Ericsson AB
  • Anil Ambani made the court-set deadline after his much richer elder brother Mukesh and his sister-in-law came to the rescue

Topic |   India
Anil Ambani, chairman of Reliance Group. Photo: EPA Anil Ambani, chairman of Reliance Group. Photo: EPA
Anil Ambani, chairman of Reliance Group. Photo: EPA
READ FULL ARTICLE