February 21, 2019 / 6:25 AM / a month ago

India's RCom asks lenders to release $36.6 mln directly to Ericsson

Feb 21 (Reuters) - India’s Reliance Communications (RCom) said on Thursday it has urged its lenders to allow release of 2.60 billion rupees ($36.55 million) directly to telecom equipment maker Ericsson.

RCom said here it had received the sum as income tax refunds and is lying in its bank account.

India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications, guilty of contempt of court for wilfully failing to pay 5.5 billion rupees to Ericsson. ($1 = 71.1410 Indian rupees) (Reporting by Krishna V Kurup in Bengaluru; Editing by Shreejay Sinha)

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