Ericsson case: Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks

Ericsson case: Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks The Supreme Court on Wednesday held Anil Ambani guilty of contempt in Ericsson case. The court directed Anil Ambani to pay dues of Rs 453 crore in four weeks. The court also directed that if he fails to pay his dues in 4 weeks, he will be sentenced to undergo three months imprisonment. Also Read: Delhi court extends interim bail to Robert Vadra till March 2, ED alleges non-cooperation [caption id="attachment_259390" align="aligncenter"] Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption] The court also imposed a fine of Rs 1 crore on RCom, Reliance Telecom Ltd and Reliance Infratel Ltd - in the case. An amount of Rs 118 crores is already submitted to the registry. The court directed to release this amount immediately. [caption id="attachment_259389" align="aligncenter"] Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption] Also Read: Rahul courts arrest, says PM can run but not hide from the truth The Swedish telecom equipment maker Ericsson filed a complaint against Reliance Communications for not paying dues. The Supreme Court identified that RCom had “willfully” not paid Ericsson the due amount. [caption id="attachment_259387" align="aligncenter"] Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption] Also Read: BJP leaders fan out to attack Congress on Rafale issue; Privilege notices moved against Modi, Rahul Ericsson India had alleged that the Reliance Group has invested in Rafale jet deal, but didn’t clear the dues of Rs 550 crore.  The Reliance Company denied the charge. - PTC NEWS