India’s Supreme Court has said that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to telecom equipment maker Ericsson, holding him guilty in a contempt of court case.
The court on Wednesday asked Ambani and two directors of RCom to pay 4.5 billion rupees to Ericsson within four weeks. They will face three months jail term if they fail to pay the amount, the court said.
The Swedish company signed a deal with RCom in 2014 to manage and operate its network and last year approached the court over unpaid dues of 5.5 billion rupees, reports Reuters.
Reliance Communication said the company respect the court judgment and the “group shall comply with same.”
