Mukesh Ambani helped his younger brother Anil Ambani Clear Rs 550 Crore Ericsson Dues: The well know digital communications influencer, Mr.Anil Dhirubhai Ambani, the chairman of reliance group, was free from its worries now, when his big brother, Mr.Mukesh Dhirubhai Ambani, for his younger brother, pay an amount of Rs 550 crores to the Swedish based telecommunication equipment company, with interest, as per to the norms of the supreme court on 19th of march, 2019
Mukesh Ambani helped his younger brother Anil Ambani Clear Rs 550 Crore Ericsson Dues
This whole dispute began, when the Ericson India charged a complaint against Mr.Anil Ambani for not clearing their dues, as per according to their deals. According to Mr.Anil Ambani, the failure is due to breakdown of their deal with the Jio, owned by his senior brother, Mr.Mukesh Ambani, for some specific reasons which are not clear yet. But the supreme court, after having the whole session, held on 20th of February 2019 and told Mr.Anil Ambani, founding him guilty under “disobedient the court advice”, to repay all the dues of the Swedish company within four weeks, after the last session.
But it seems that Mr.Anil Ambani, was not able re repay all alone because of the failure in the process of the other procedures of the deal, which, in turn breaks an un-supposed calamity on him.
Why Mukesh Ambani helped his younger brother Anil Ambani
But to save the sake of the family and for his younger brother, Mr.Mukesh Ambani step into the case and repay all the amount, which is around Rs 550 crores, with including interest, to the Swedish company, ending all the present and future deals with them, saving his younger brother from the three months imprisonment, as per to the supreme court.
After all these happenings, a public conference was held by Ambani brothers, in which the affectionate love between the brother is clear to see.
In the conference, when Mr.Anil Ambani came on stage, he seems to be very thankful to his brother and in this he stated the following.
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“with an honest sincerity, with heartfelt, I would like to thank my elder brother, Mr Mukesh and my sister-in-law, Mrs Nita for standing by me during this hard time of me and demonstrating true to our strong family values by extending the timely support.
With this, I feel very great that my family have moved beyond the past.
This is an incident, which remains deeply touched with us forever.”
But in the contrary, if the deal becomes successful, which is worth of Rs 17 thousand crores, the reliance communication dominates all its other competitor by providing the best service in the telecommunication filed.
Also, this creates a new way for the Swedish company to grow a new market in the India.