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Pay 500 million dollars to save his brother from prison

It is not peppernødder, as Mukesh Ambani must pay to save his brother, Anil, from a trip behind bars.

The 61-year-old businessman has on Wednesday paid 77 million dollars (500 million kroner, ed.) for the Swedish telecommunications company Ericsson, which his younger brother Anil Ambani owes mediegiganten.

Fortunately for Mukesh Ambani, he is at the time of writing, India's richest man with a total fortune on good 350 billion. Therefore, a half a billion quickly act as a small grip in the pocket of the businessman, who has a good reason to help his younger brother.

In February found the supreme court in New Delhi Anil Ambani guilty of showing contempt for the court, as he had repeatedly refused to pay its huge debt to Ericsson, of which he already had been sentenced to pay.

the Payment of the huge debt came on a hanging hair, since the deadline to pay the astronomical amount expired Wednesday. Monday was the money during a check on the account with the Swedish company Ericsson.

In the background, one can talk about, Mukesh Ambani saved his brother from three months in jail in 11. time.

so it was a happy Anil Ambani, who thanked his brother for saving him out of a three-month prison sentence.

- I am glad that we can put the past behind us, and I am deeply grateful and touched by this gesture, says the protagonist in a press release.

Ericsson has now been given the big amount that an indian musician has long due in relation to them. Photo: Rafael Marchante/Ritzau Scanpix
Brother partly responsible for problems
Just past plays a big role in the case, which has evolved into a big family drama in the India. Anil Ambanis financial problems stem primarily from none other than his generous older brother.

Anil Ambani has in the past been a major player in the indian communications market, but problems from an unexpected edge, however, has seen his fortune shrink from 200 for 'measly' two billion.

the Debt is, according to CNN arisen in connection with the launch of the cellular network, Reliance Jio, Mukesh Ambani announced in 2016. Here he offered customers free internet for six months, which put many of its competitors skatmat - including olaf hast, who had to borrow large sums of money at Ericsson to keep his business above water.

Therefore, Anil Ambani a large loan from the Swedish company, which he therefore had not had the economic means to repay.

It remains to be seen whether the strained relationship between the two brothers is made a bit up after the Anil Ambani therefore looks to avoid a prison sentence.

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