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India's richest man, Mukesh Ambani, paid a debt to his brother to save him from prison, marking a new development in a long-standing conflict between the two brothers.
Anil Ambani was sentenced to a prison term after an agreement between his company, RCom and Ericsson, cost him 5.5 billion rupees ($ 80 million) for Ericsson, which he n & # 39; Has not yet paid by the deadline. Determined by the court.
Reliance Communications did not respect the Indian Supreme Court's decision to pay Erikson on Dec. 15, and found it contemptuous and gave it four more weeks to pay or get paid. The company announced Monday that the debt had been paid.
"I send my sincere thanks to my esteemed brother Mukesh and his wife, Nita, for their support during this difficult time and to demonstrate the importance of commitment to strong family values by providing timely support, "said Anil.
The two brothers have long been concerned about the labor dispute of their father, who died in 2002. The Reliance empire was split in 2005 after seven months of conflict.
According to Bloomberg, Reliance Industries is one of the most profitable companies in India. On the other hand, the fortune of his brother Anil is estimated at 300 million dollars.
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