French officials assisted Anil Ambani in repaying loans. This is being mentioned in some local media reports in France. According to media reports, Anil Ambani had a tax of $ 162.6 million, which officials canceled after the visit of Prime Minister Narendra Modi.
‘Reliance Atlantic Flag France’ got a great deal after Prime Minister Modi’s visit. According to media reports, Anil Ambani’s debt was waived when Prime Minister Narendra Modi announced the Rafale Deal with France.
According to the local newspaper ‘Le Monde’, the tax dispute was settled only in October 2015 when the Rafael deal was struck between India and France’s Dassault aviation. A few months ago, during the official visit of Prime Minister Modi, it was announced that India would buy 36 fighter jets from Dassault.
According to the report, the French officials allegedly investigated about Anil Ambani’s company. Officials found that between 2007 and 2010, there were 60 million euro tax on Anil Ambani’s company. The French Atlantic Flag France proposed to pay 7.6 million euros in the form of tax, but the French authorities refused further to investigate this matter further.
Between 2010 and 2012, another French investigator investigated. This time Anil Ambani’s company was asked to pay as 91 million euros.
In April 2015, Prime Minister Narendra Modi announced the Rafael Deal with French company Dassault Aviation. After the formal announcement of purchase of 36 fighter jets, the amount of tax increased to close to 151 million euros.
Meanwhile, after the announcement of Prime Minister Modi on France tour and the announcement of Rafael Deal, French tax officials waived 143.7 million euros in tax on Anil Ambani’s share. As a settlement, Reliance had to pay just 7.3 million Euros, while the real tax value was around 151 million euros.
Connections drawn between The Tax issue and The Rafale matter is totally inaccurate: Ministry of Defense
Meanwhile, MInistry of Defense issued a statement on the issue- “We have seen reports drawing conjectural connection between tax exemption to a private company and procurement of Rafale fighter jets by Government of India. Neither the period of the tax concession nor the subject matter of the concession relate even remotely to the Rafale procurement concluded during the tenure of the present Government. Any connections drawn between the tax issue and the Rafale matter is totally inaccurate, tendentious and is a mischievous attempt to disinform.”