Mukesh Ambani meets PM, RIL complains on CAG report leak | business | Hindustan Times
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Mukesh Ambani meets PM, RIL complains on CAG report leak

business Updated: Jun 24, 2011 20:58 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani on Friday met Prime Minister Manmohan Singh.

The meeting comes two weeks after a draft report of the Comptroller and Auditor General’s (CAG) of India said RIL got out-of-turn favours from the petroleum ministry and petroleum regulator Directorate General of Hydrocarbons.

Officials in the Prime Minister’s Office said the meeting happened around noon but offered no further details.

A spokesman for RIL also declined to give details of what transpired at the meeting.

Separately, RIL has written to the petroleum ministry and conveyed its annoyance over the leakage of the report, saying it reflected a “complete misunderstanding of legal and contractual issues” and has sullied the company’s reputation.

RIL requested for a copy of the draft report of the CAG and petroleum ministry sources said that relevant portions of the draft CAG report have been provided to the company.

RIL shares have fallen 8% since the draft CAG report first appeared in the media on June 13. It ended almost flat on Friday at R870.4 even though the BSE Sensex rose 513 points or 2.9%.

The draft CAG report, submitted to the petroleum ministry on June 6 had scrutinised the accounts of Reliance’s KG-D6 block and had questioned part of its capital expenditure plans.