Anil wonders what drives Mukesh-led RIL-`greed or vendetta`
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Last Updated: Friday, August 07, 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 07, 2009, 21:11

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