Indian tycoon Ambani pays debt after court threatened jail
Indian billionaire Anil Ambani settled his debt with Ericsson after the Supreme Court warned that he would be jailed if he refused to pay (AFP Photo/INDRANIL MUKHERJEE )/ Indian tycoon Anil Ambani has settled a multi-million debt with Sweden's Ericsson, the company said Monday, after judges threatened the billionaire with jail if he did not pay his dues. The Supreme Court in February found that Ambani, 59, had refused to pay telecom giant Ericsson 5.5 billion rupees ($77 million), as previously ordered by India's top court. The judges ...
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