Reliance Industries chairman and India’s richest man, Mukesh Ambani, on Monday, saved his beleaguered and debt-ridden younger brother, Anil, from imprisonment by helping him clear the ₹453 crore Reliance Communications owed to Ericsson.
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The Supreme Court found Anil Ambani, Reliance Communications chairman; Satish Seth, Reliance Telecom chairman; and Chhaya Virani, Infratel chairperson guilty of contempt of court over non-payment of ₹550 crore dues owed to Swedish telecom giant Ericsson.
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