Anil Ambani gets Rs 1,119cr tax reliefs from France

Prime Minister Narendra Modi and Anil Ambani’s relationship allegedly played a key role in Rafale jet fighters deal, seems to be leading to many more sensational details involved in it. In a latest report, French newspaper Le Monde reveals that a company owned by Anil Ambani in France was given a waiver of more than 143.7 million Euros (Over Rs 1,119cr) in taxes. This followed Prime Minister Modi’s new Rafale deal and Dassault deciding on a two-week old Anil Ambani company to be its offset partner.

The report reveals that the French Government accepted a payment of just 7.3 million Euros ( Over Rs 57 Crore)   by way of settlement from Anil Ambani. Julien bouissou‏, South Asia correspondent of Le Monde in a series of tweets provided a summary of the report published in the French newspaper.

According to these tweets, Anil Ambani has a telecom company registered in France called “Reliance Atlantic Flag France”. The company was investigated by French tax authorities and found liable to pay 60 million euros in taxes for the period 2007 to 2010.

Reliance offered to pay 7.6 million euros as a settlement. The French tax authorities refused. They conducted another investigation for the period 2010 to 2012 and asked for an additional 91 million euros in taxes. In April 2015, PM Modi announced plans to buy 36 Rafale fighter jets from Dassault. By then, the total amount owed by Reliance to the French state in taxes was at least 151 million euros. Six months after Modi’s Rafale announcement, the French tax authorities accepted 7.3 million euros from Reliance as a settlement, instead of the much bigger sum of 151 million euros.

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