RIL favoured by UPA, BJP silent says Gas pricing FIR

The FIR was lodged under sections of cheating and criminal conspiracy of the IPC

Mukesh Ambani
Press Trust of India New Delhi
Last Updated : Feb 14 2014 | 4:27 PM IST
The FIR of the Anti-Corruption Branch (ACB) placed before a Delhi court naming Petroleum Minister M Veerappa Moily, Mukesh Ambani and others on gas pricing issue alleged that the Congress-led UPA government "favoured" Reliance Industries Ltd with an eye on 2014 general elections and BJP is maintaining "silence" hoping to gain corporate funding for the polls.

"The fact that this decision (to raise gas price) was taken in advance by the present government shows that it wanted to favour RIL for corrupt considerations which would then help with the expenditure for the upcoming national elections.

"This is also the reason why the main opposition party, the BJP, is silent on the issue as during election time, when huge slush of funds is required by the major parties, no one is willing to speak against this decision even though price rise is normally an important political issue," the FIR said.

The five-page FIR with which annexures have been attached was lodged by the ACB of Delhi Government on a complaint sent to Chief Minister Arvind Kejriwal by former Cabinet Secretary T S R Subramanian, former Secretary E A S Sarma, former Navy Chief Admiral R H Tahiliani and advocate Kamini Jaiswal.

Besides Moily and RIL chairperson Ambani, former Petroleum Minister Murli Deora, ex-Director General of Hydrocarbons V K Sibal and other unknown persons have been named as accused in the case.

The FIR was lodged under sections 420 (cheating), 120-B (criminal conspiracy) of the IPC and under provisions of the Prevention of Corruption Act.

The complaint, on the basis of which the FIR was lodged, alleged that impact of gas price rise would cost the country a minimum of Rs 54,500 crore per year at current dollar price.

However, Moily today said the government will not go back on its decision to hike rates from April 1 and came down heavily against Kejriwal for ordering an "unconstitutional" FIR against him and others for raising gas prices.

RIL too had termed the ordering of FIR against it as shocking and described the complaints that were used to base the action as baseless and devoid of merit or substance.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 14 2014 | 4:20 PM IST

Next Story