Anil Ambani’s French firm got a whopping €143.7 million tax waiver by the local authorities, reported the French newspaper Le Monde. The lay-off came shortly after the declaration of the Rafale deal, the report says.
Anil Ambani’s Reliance Atlantic Flag is a telecom company registered in France. The tax authorities had found that they are liable to pay €151 million in taxes for the period 2007-2012.
Authorities refused the company’s offer to pay €7.6 million as a settlement.
In April 2015, Modi announced the Rafale deal.
Six months later, “the French tax authorities accepted €7.3 million from Reliance as a settlement, instead of the much bigger sum of 151 million euros,” the Le Monde reporter tweeted.
In March this year, elder brother Mukesh Ambani stepped in to help Anil pay $80 million in dues to Ericsson AB and avert a three-month jail sentence.