New Delhi: Anil Ambani and his two other executives have been accused of defaulting payment worth Rs 550 crores by Swedish telecom company Ericcson.
The company has moved the SC seeking directions to prevent Anil Ambani and other two executives from leaving India, TOI reports.
The company has filed a petition accusing the trio of willfully defaulting payments by alleged abuse of process of law since the running debt of Anil Ambani group amounts to Rs. 45,000 crores.
The company had earlier agreed to settle the dues from Rs 1,600 crores to 550 crores as part of a court-monitored settlement which promised the payment by September 30 this year but since RCom has not approached the company, Erickson decided to bring it to the court’s notice.
The company urged the court to initiate criminal proceedings against RCom and sought directions to prevent the trio from leaving the country.
It stated: “They have no respect for the law of the nation, and have abused the process of law, and prevent any of these persons from leaving the country without the specific permission of this court… these directions are necessary to secure the ends of justice.”
RCom owner Anil Ambani had earlier managed to sell company’s assets such as spectrum, tower, and fibre to his elder brother Mukesh Ambani but the deal has faced trouble at the telecom ministry which sought bank guarantees worth Rs 2,900 crore from the company over spectrum usage charges before allowing it.
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๐MBK Team | ๐ฐTheSiasatDaily
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