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Moily refuses to comment on IAC expose

Source : IBNS
Last Updated: Wed, Oct 31, 2012 13:44 hrs

New Delhi, Oct 31 (IBNS) New Petroleum and Natural Gas Minister Veerappa Moily on Wednesday refused to comment on the latest allegations of India Against Corruption (IAC) leader Arvind Kejriwal that his predecessor Jaipal Reddy was removed because he had resisted an attempt by Reliance Industries of Mukesh Ambani to hike the natural gas prices.

Speaking to a TV channel, Moily said he would not comment on the allegations of Kejriwal because he has "better things to do."

Congress did not hold any immediate press conference on Wednesday in response to Kejriwal´s "expose".



IAC made a scathing attack on both the Congress and also tagged the opposition Bharatiya Janata Party (BJP) by "exposing" what it called the pandering of the governments led by both parties before corporates like Mukesh Ambani´s Reliance Industries Limited (RIL) which dictated terms in distribution and pricing of resources like natural gas.

IAC said Mukesh Ambani was forcing the UPA government to hike gas prices while honest Congress ministers like Mani Shankar Aiyar and S Jaipal Reddy of Congress were shifted out of the petroleum and natural gas ministries because they had stood up to Reliance pressures.

"Reliance Industries Ltd (RIL) has the contract [during BJP led NDA regime the contract was first granted to Reliance in 2002] to extract oil from KG Basin. Under an agreement of 2009 with the UPA government, they are supposed to sell gas at $ 4.2 per mm BTU upto 31st March 2014. Midway now, RIL is demanding that the price be increased to $ 14.2 per mm BTU. Jaipal Reddy resisted that and he was thrown out," said Kejriwal.

Kejriwal said BJP too is in the pocket of Ambani since in 2002, KG basin contract was given in a faulty way to Reliance by the National Democratic Alliance (NDA) government.

"As if Mukesh Ambani is running this country and not Manmohan Singh," said activist turned politician Arvind Kejriwal.

The CAG (Comptroller and Auditor General) had demanded an audit into Reliance activities in KG basin but the government did not allow it, he claimed.

"Is the Govt is helpless, is Manmohan Singh helpless? This is like coal scam," said Kejriwal.

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