Corruption Case Against India’s Richest Man

The Delhi Government under a new political party – Aam Aadmi Party (AAP) – today directed the Anti-Corruption Branch of the state government to register a report against the chairperson of Reliance Industries Limited (RIL), Mukesh Ambani, along with others.

Ambani – who is the elder son of businessman Dhirubhai Ambani – is said to be India’s richest man.

The case against Ambani pertains to one of his business interests where he has artificially hiked gas prices in connivance with the Congress Government at the Centre for mutual gains.

The impact of this hike in gas price is estimated to cost the country a minimum of Rs 54,500 crore (US$900 million approximately) every year resulting in severe inflation in the country.

And in the shady deal, India’s Central Government allowed Ambani’s RIL to make a future windfall profit of Rs 1.2 lakh crore (US$2 billion approximately).

Under various sections of the Prevention of Corruption Act (PCA), other persons included in the report are Union Petroleum Minister M. Veerappa Moily, former Petroleum Minister Murli Deora, and former director general of Hydrocarbons V. K. Sibal.

Delhi Chief Minister Arvind Kejriwal (pictured above) described the details mentioned in the complaint received by the Delhi Government as shocking. “It is an assault on India’s economic sovereignty and amounted to an anti-national activity,” Kejriwal said.

The gas prices in the country are expected to be doubled from April 1 this year as a result of the avoidable price hike. Kejriwal – who is running the government with Congress Party’s support – also has demanded that the Central Government should put its decision to hike the prices of gas in abeyance till the time the probe into the matter is completed.

The decision to order a probe was taken by the Delhi Government after the perusal of a common complaint filed by eminent citizens including former Cabinet Secretary TSR Subramaniam, former Navy chief Admiral RH Tahiliani, former secretary to Government of India EAS Sarma, and noted Supreme Court lawyer Kamini Jaiswal.

Kejriwal had formed the Aam Aadmi Party (a political outfit) about a year ago with the promise to stamp out corruption which is rampant in India.

Photo courtesy: AAP

RMN News

Rakesh Raman