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Home / Business News / Don’t make a legal issue public: RIL to Anil Ambani

Don’t make a legal issue public: RIL to Anil Ambani

Hitting back at Anil Ambani for his personal and 'orchestrated' comments against it and its Chairman Mukesh Ambani, Reliance Industries today asked the younger Ambani to exercise restraint and let a gas dispute between them be decided by the Supreme Court.

business Updated: Aug 07, 2009, 21:52 IST
HT Correspondent
HT Correspondent
Hindustan Times

Breaking its silence on Friday, the Mukesh Ambani controlled Reliance Industries Ltd (RIL) said the public statements on the ongoing gas dispute being made by his younger brother Anil are “part of an orchestrated campaign designed to bring public debate and prejudice the issues that are pending before the Supreme Court.”

This is the first statement from Mukesh’s side and comes in response to the volley of allegations made by Anil against RIL, its chairman Mukesh and petroleum minister Murli Deora in the past one month.

“We emphatically refute and outrightly reject the baseless, tendentious and motivated allegations and insinuations made by Anil Ambani and his associates against RIL and its chairman, Mukesh Ambani,” said RIL’s president (petroleum business), Atul Chandra.

“We have consistently maintained that in the KG (Krishna Godavari) basin, RIL is only a contractor engaged by the government to harness the basin’s hydrocarbon assets in the best interest of the nation,” he said.

RIL further said that as contractor to the government it was operating one of the largest and logistically one of the most difficult deep water gas discoveries anywhere in the world.

“RIL has at all times acted with a full sense of responsibility and in complete compliance with all obligations attached to our role as the contractor.”

Bringing in a new twist to the controversy, he said the KG D6 asset has been created by the company’s “investment of over Rs 32,000 crore”, which has been made “after the demerger of RIL in 2005”.

He also said that Anil and his associates had attempted to convert what are essentially legal issues into public issues for a self-serving media campaign aimed at maligning RIL as also other institutions of the country for private and personal gain.

“As a law abiding and responsible corporate citizen, RIL has chosen to refrain from reacting to the malicious propaganda unleashed by Anil Ambani in the national media,” he said, adding that RIL’s legal advisors have also counselled the
company to refrain from commenting on issues being adjudicated by the Supreme Court.

“As such, we shall continue to exercise restraint in the face of Anil Ambani’s provocative public statements,” he said. “We hope that Anil Ambani and his associates will also exercise similar restraint and leave the matter to be decided by the Supreme Court.”

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