Complete REPORT
Arvind Kejrival, Manish Sisodia,Prashant Bhushan and other IAC activists today(Oct 31,2012) at a press conference in New Delhi exposed their third target, Mukesh Ambani(chairman,Reliance Industries) . Basically they alleged(/exposed) the corrupt link between Government{considering both NDA(bjp's alliance) and UPA(congress's alliance) }and Petroleum sector of Reliance Business group
Point-Wise exploration:-
Arvind Kejrival, Manish Sisodia,Prashant Bhushan and other IAC activists today(Oct 31,2012) at a press conference in New Delhi exposed their third target, Mukesh Ambani(chairman,Reliance Industries) . Basically they alleged(/exposed) the corrupt link between Government{considering both NDA(bjp's alliance) and UPA(congress's alliance) }and Petroleum sector of Reliance Business group
Point-Wise exploration:-
- According to Kejriwal, the KG basin was awarded to Reliance in 2000 by the NDA government when the company agreed to supply gas to the NTPC for the next 17 years at $2.34 per unit.
- Reliance which earlier promised to provide Gas at $2.34 per unit demand an unnecessary increase in the price to $4.2 per unit in 2006. which then finance minister Pranab Mukherjee agreed to as the head of an empowered group of ministers.
- When Manishankar Aiyar (then petroleum minister) refused to increase the price to $4.2 per unit , he was removed from the ministry and Murli Deora was brought in his place who cleared the files within one and half months.
- This unnecessary increase in price of gas provided a benefit of Rs.10,000 crore to Reliance.
- Later the company wanted the rate to be further hiked to $14.25 per unit this time Jaipal Reddy did not agree to this proposal due to which Jaipal Reddy has been removed and Moily brought in to further increase gas prices from $ 4.2 per unit to $ 14.2 per unit.
- IAC also played Nira Radiia tapes in which Ranjan Bhattacharya (Vajpayee’s son in law) is heard telling Nira that Mukesh Ambani told him –“Congress to ab apni dukaan hai”(Hear Audio clips(1 and 2)
- IAC also alleged that RIL (Reliance Infrastructure Ltd.)also blackmailed Government to increase the price by lowering its gas production. According to agreement, RIL was supposed to produce 80mmscmd (more than 50% of the total demand) from 2009 but it just produced 27 mmscmd after 12 years.
- 31 oil wells should have been in production till now. Out of them, just 13 are functional.
- IAC also alleged Reliance of hoarding of natural Gas.
- Kejriwal said it is always said that the Prime Minister is not involved in corruption but he comes under the purview of Prevention of Corruption Act for certain decisions taken by his government in various matters like 2G and coal block allocations.
- Due to irrelevant increase in gas prices by reliance, many of the power industries which rely upon natural gas for power generation are deserted.
- Such increase in prices pressurised by coporates also explanes the extremeness of deary in the courtry.
A man was stopped by members of IAC when he wanted to raise a personal question to Kejriwal. Finally, he got hold of the mike and said, "I am from no political party."The man questioned why Kejriwal and his wife were not transferred for 30 years. He can be seen being forced out of the room.
The man then shouted out loudly that "Kejriwal and company are fooling the country"
Reliance's Reply
Reliance in its defence said that the KG D6 basin has best technology and that the project has added great economic value to the country.
"Allegations made by IAC are at the behest of vested interests," it said.
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