Indian businessman Anil Ambani has avoided imprisonment for contempt of court after his Reliance Communications completed a payment to Swedens Ericsson, two days before a deadline imposed by New Delhis supreme court.
The court found Mr Ambani guilty of contempt last month over RComs repeated delays in paying outstanding fees of $77m to Ericsson for outsourced services. The tycoon had personally promised the court that the payment would be made before the end of last year.
On Monday, Ericsson said that it had received Rs4.6bn ($67m) from RCom, on top of Rs1.2bn previously deposited with the court. The supreme court had ordered that Mr Ambani and two fellow directors face three months in prison if the payment was not completed with inte…
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