A voice for newcomers in Sweden

Indian billionaire settles multimillion debt with Sweden's Ericsson

File photo of Ericsson's headquarters in Sweden. Photo: Maja Suslin/TT

Published: 18.Mar.2019 17:38 hrs

Indian businessman Anil Ambani has paid a multimillion debt to Sweden's Ericsson, after judges threatened him with jail.

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 warned that Ambani would be jailed for three months if 4.5 billion rupees were not stumped up within a month.

Read full article on The Local

More Stories

Anas Awad with his "Swedish family" told his story to The Local Voices

Sharing the best of The Local Voices

We told a lot of great stories in 2016. Did you get to read and share them all? READ
How much holiday are you entitled to and is it true you get paid more when you're off? Welcome to Sweden, here's what you need to know. READ
Photo: Erik Gerhardsson

'History will record how everyone reacted to the Syrian tragedy'

Erik, a 21-year-old Swedish volunteer, reflects on his experience helping refugees in Sweden and abroad. READ
How to plan your Sweden rail adventure and where you should go. READ
A number of new laws came into effect in Sweden on July 1st. These are some of the ones to be aware of. READ

This Iranian teaches Swedish online to 10,000 followers

"I’m exporting Swedish to my homeland." READ