Ericsson Case: Will Anil Ambani go to jail?

The Supreme Court on Wednesday pronounced its verdict on three contempt applications filed by Telecom equipment maker Ericsson against Reliance Group chairman Anil Ambani and others for not clearing dues. In its judgment, the apex court said the Reliance Communication chairman Anil Ambani and two directors guilty of contempt of court on a contempt plea filed by Ericsson India against him over not clearing its dues of Rs 550 crores. The court also said that any unconditional apology given by Reliance needs to be rejected as they have breached the undertaking and order.