Anil Ambani thanks elder brother Mukesh Ambani for paying Ericsson dues

NEW DELHI: Making a dramatic intervention, Mukesh Ambani saved his younger brother Anil from imprisonment by paying money owed by him to Ericsson on Monday. The bailout from the world’s 13th richest man, as per Forbes ranking, came literally at the eleventh hour — Tuesday was the deadline for Anil’s Reliance Communications (RCom) to clear Rs 580 crore due to the Swedish equipment maker.
In a late evening statement, Anil Ambani thanked his brother and sister-in-law Nita.
“My sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support,” Anil Ambani said in the statement.
“I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture,” he added.