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Reliance trashes Kejriwal accusations

Source : IBNS
Last Updated: Wed, Oct 31, 2012 18:36 hrs

New Delhi, Oct 31 (IBNS) Billionaire Mukesh Ambani-led Reliance Industries late Wednesday responded to the "expose" made by Arvind Kejriwal, saying that the activist's claims of company illegitimately subverting India's administration processes was devoid of any truth or substance.

"The statements made by IAC (India Against Corruption) in the press conference today are devoid of any truth or substance whatsoever and are denied," the diversified conglomerate said in a statement that named Kejriwal group but not the activist himself.



"The deep water exploration project in the KG-D6 basin has deployed the best technical resources and has been recognized by the oil and gas industry as one of the very best in its class.

"This project has added great economic value to the country and by all accounts is a project of which India can be justly proud," it added.

"Irresponsible allegations made by IAC at the behest of vested interests without basic understanding of the complexities of a project of this nature do not merit a response," the company said.

IAC on Wednesday 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 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.

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