This ad will auto close in 10 seconds

Anil wonders what drives Mukesh-led RIL-`greed or vendetta`

Last Updated: Friday, August 7, 2009 - 21:11

Mumbai: Fuelling their public spat, Anil
Ambani on Friday wondered if "corporate greed, personal vendetta"
or his advisers were driving elder brother Mukesh to deny gas
to his group firm.

Reacting to Mukesh Ambani-led RIL`s statement advising
restraint on both sides while the Supreme Court settles the
gas dispute, Anil Ambani group said that it was RIL that
disregarded the judiciary by not implementing the Bombay High
Court order on gas supply.

"RIL is seeking refuge under a false cover of ongoing
legal proceedings to skirt questions of national importance,
which are not even before the Supreme Court," the ADA Group
statement said.

The Supreme Court is to hear on September one,
cross-appeals filed by Mukesh and Anil group firms on the June
15 High Court order that asked RIL to supply 28 mmscmd of gas
to RNRL at USD 2.34 per mmBtu for 17 years.

The statement quoted Anil as saying: "I am pained that
under my respected elder brother`s leadership, RIL is still
doing everything in its power to renege on its binding
commitment to supply gas to us.

"This is so contrary to the fundamental values of trust
and integrity that my visionary father, Dhirubhai Ambani,
stood for, and on the basis of which he founded Reliance.
Whatever be the reason... and I have no idea what it is...
corporate greed, personal vendetta, misguided advise from the
3Cs – chelas, chamchas and cronies." "It is unfortunate... and deeply, deeply distressing to me
at a very personal and emotional level," Anil said terming
RIL`s media statement as "Mukesh Ambani`s purported remarks."

Calling Anil`s outburst over the last few days as part of
an "orchestrated" media campaign against it and its Chairman
Mukesh Ambani, RIL said earlier today that the younger Ambani
should exercise restraint and let the gas dispute between them
be decided by the Supreme Court.

RIL`s comments came after Anil levelled several charges,
including that Petroleum Ministry was conniving with RIL to
help it earn a profit of Rs 50,000 crore and that Mukesh had
ruled out any role for mother Kokilaben for settling dispute.

"We have the highest respect for the Supreme Court and
our every action will always preserve its dignity and honour,"
ADA group`s top executive J P Chalsani said responding to
RIL`s comments.

"RIL`s utter disrespect and disregard, on the other hand,
for the judiciary is visible in its refusal to even implement
the Mumbai High Court`s judgment to enter into a bankable gas
supply agreement within 30 days – even though that judgment
has not been stayed by a superior Court," he said.

Bureau Report

First Published: Friday, August 7, 2009 - 21:11
comments powered by Disqus