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Office of profit issue: Anil Ambani resigns from RS

The noted industrialist had joined the UPDC in an honorary capacity prior to his election to the Upper House.

india Updated: Mar 25, 2006 17:27 IST

Noted industrialist Anil Ambani on Saturday resigned from Rajya Sabha.

Ambani was elected to the Upper House of the Parliament in June 2004 as an independent candidate from Uttar Pradesh with the support of Samajwadi Party.

He had joined the Uttar Pradesh Development Council in an honorary capacity prior to his election to the Rajya Sabha.

There has been no suggestion that there is any issue in his continuing as a member of UPDC after being elected to the Rajya Sabha, an Anil Dhirubhai Ambani Group statement said.

However, Ambani said, "It is my firm view that in public life one must uphold the highest standards of transparency, propriety and ethics and avoid any possibility of controversy, however remote or unlikely."

He added, " Keeping this in mind, I have decided to tender my resignation from Rajya Sabha with immediate effect."

First Published: Mar 25, 2006 16:15 IST