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As per reports, it was Kokilaben Ambani who prompted her elder son and India’s richest Mukesh Ambani to save her younger son Anil at the most crucial time from a possible jail term.
The Supreme Court in February this year had ordered Anil Ambani to pay ₹453 crore to Swedish telecom equipment major Ericsson within four weeks or face a three-month jail term.
A trusted source told BusinessLine, “Mukesh came to his younger brother’s rescue to avoid the Ambani family name from being tarnished, and the patching up between the brothers was initiated by their mother. No outsider was involved in the mediation, which happened mainly over the previous four weeks.”
Another source added, “This time, family name and values came into play. Going forward, the brothers would be looking at similar synergies in their businesses.”
In an official statement, Anil Ambani thanked his elder brother Mukesh and sister-in-law Nita. He wrote, “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.”