In the wake of the Comptroller and Auditor-General's draft report indicating that his company got “undue favours and benefits” in the development of the Krishna-Godavari Basin KG-D6 gas fields, Reliance Industries Limited chairman Mukesh Ambani met Prime Minister Manmohan Singh here on Friday.
Mr. Ambani is understood to have apprised Dr. Singh of his view of the matter.
The CAG draft report has come down heavily on the Petroleum and Natural Gas Ministry and the Directorate-General of Hydrocarbons for showing “undue favours” to RIL in the development and approval of the field development plan for the KG-D6 gas fields.
Interestingly enough, Mr. Ambani did not seek a meeting with Petroleum and Natural Gas Minister S. Jaipal Reddy.
Earlier this week, RIL wrote to the Petroleum Ministry, requesting a copy of the CAG draft report. Thereafter, the relevant portions of the draft are understood to have been given to the company. In its letter, RIL maintained that the comments in the draft report, leaked to the media, reflected a complete misunderstanding of the legal and contractual issues and hurt its reputation.
The company shares have taken a beating ever since the contents of the draft report started appearing in the media.
The PM should not have granted
audience to Mukesh Ambani,
when the CAG report indicates
undue favors to RIL.
As per my understanding, A parcel of land should be given to the chairman of "RIL" for the sake of development of Krishna & Godavari.
Well what can you expect from RIL, which has always used and abused its power to get around and get things done.. I hope the CAG report exposes enough & hope the media does not shy away from debating on this. Else the corporate can close this comfortably.
Corporate and political nexus for the corruption is exposed.
Looks like the entire corruption in the country is 'centralised' .
Why should RIL be given the 'relevant portions' of the Comptroller and Auditor-General's draft report indicating that that company got "undue favours and benefits" from the government in the development of the Krishna-Godavari Basin KG-D6 gas fields? It is strange that portions of an audit report of the CAG has been shown to a company which the report says has got undue favours from the government. Why did the Prime Minister give an audience to the head of that Company to discuss the matter with him? The people of this country have a right to get answers to these questions.
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