Monday, Sep 15, 2014

Mukesh Ambani, Veerappa Moily and Milind Deora named in Reliance gas issue FIR

Kejriwal had on Tuesday ordered the state government’s Anti-Corruption Branch to register FIRs against Veerappa Moily and Mukesh Ambani. Kejriwal had on Tuesday ordered the state government’s Anti-Corruption Branch to register FIRs against Veerappa Moily and Mukesh Ambani.
Press Trust of India | New Delhi | Posted: February 12, 2014 4:03 pm | Updated: February 12, 2014 8:24 pm

Petroleum Minister Veerappa Moily, RIL Chief Mukesh Ambani, former Union Minister Murli Deora and retired Director General of Hydrocarbons V K Sibal were on Wednesday named in an FIR by Anti-Corruption Branch of Delhi government in the Reliance gas issue.

The FIR by the ACB was registered a day after Chief Minister Arvind Kejriwal said the agency has been told to probe their alleged collusion over hike in prices of natural gas from KG basin.

Names of Moily, Ambani, Deora and Sibal figured in the FIR, sources said.

Kejriwal on Wednesday wrote a letter to Prime Minister Manmohan Singh, requesting him to keep in abeyance decision to hike gas price from April 1 till the probe in the case is completed.

The Delhi Chief Minister yesterday said ACB was directed to probe the case based on a “common complaint” filed by former Cabinet Secretary TSR Subrmanian, former Navy Chief Admiral R H Tahiliani, eminent lawyer Kamini Jaiswal and former Union Secretary EAS Sarma.

Quoting from the complaint, the Chief Minister had said the impact of the hike in gas price would cost the country a minimum of Rs 54,500 crore every year and allow RIL to make a future windfall profit of Rs 1.2 lakh crore.

On Tuesday, RIL had termed the ordering of FIR against it as shocking and described the complaints that were used to base the action as baseless and devoid of merit or substance. In his letter to Singh, Kejriwal said he has ordered the probe after receiving the complaint that few Union ministers have taken a decision to double the gas price from 4.2 dollar to 8 dollar per un it to benefit Reliance Industries Ltd whereas the cost of gas production is less than USD 1.

The Chief Minister said hike in gas price will bring major hardships for the common man as it will result in hike in CNG prices as well as power production cost.

“You are an expert of economics. You can understand that this decision to double gas prices will have a cascading effect on the economy. On the basis of a complaint filed by four eminent people, an FIR has been filed by Anti-Corruption Branch. Through this letter I request you to keep in abeyance the order on gas pricing till the time investigation is not completed in the case,” Kejriwal said.

The Chief Minister also requested Singh to direct all the ministries to cooperate with ACB in the case.

“It has been alleged that RIL has reduced gas production to put pressure on the government. This has resulted in shortage of gas and the country is forced to import gas from other countries. Imported gas is quite costly and has resulted in huge inflation. If these allegations are correct, then continued…

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