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https://www.zeebiz.com/india/video-gallery-rcom-chairman-anil-ambani-found-guilty-by-sc-in-ericsson-default-case-86770

India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson. The court ordered the billionaire and two RCom directors to pay 4.5 billion rupees to Ericsson within four weeks or risk a three-month jail term, according to a ruling from a two-member bench headed by Supreme Court judge Rohinton Fali Nariman. The RCom had previously deposited more than 1 billion rupees with the court. In a statement, the Indian telco said it respected the ruling and “shall comply with the same”.