HindustanTimes Sat,19 Apr 2014

RIL denies IAC allegations, says chargess made at 'behest of vested interests'

PTI  New Delhi, October 31, 2012
First Published: 20:35 IST(31/10/2012) | Last Updated: 20:37 IST(31/10/2012)

Reliance Industries on Wednesday rejected charges of receiving favours from government for its KG-D6 gas project, saying allegations by India Against Corruption (IAC) were at the "behest of vested interests".


"The statements made by IAC... are devoid of any truth or substance whatsoever and are denied," the company said in a statement.

KG-D6 fields, India's first deep-sea project that was developed in a record six-years time, "has added great economic value to the country and by all accounts is a project of which India can be justly proud", RIL said.

IAC alleged that the present UPA and the previous NDA governments had favoured RIL by giving contract on gas exploration in KG Basin and concessions at a huge cost to the exchequer.

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

"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," it added.

more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved