You are here: Home » News-ANI » National
Business Standard

Le Monde report on Anil Ambani's French firm: Cong sharpens attack; MoD, Reliance reject media report

ANI  |  General News 

Stepping up its attack on the BJP-led government, the on Saturday accused Anil Ambani's Reliance for getting special benefit from the in the form of the tax settlement days after the deal for the fighter jets was signed.

group were quick to issue rebuttals on the allegations saying connections drawn between the tax issue and the matter is "inaccurate, tendentious and a mischievous attempt to disinform."

Responding to the allegation, the said: "We have seen reports drawing conjectural connection between tax exemption to a private company and procurement of fighter jets by Neither the period of the tax concession nor the subject matter of the concession relate even remotely to the Rafale procurement concluded during the tenure of the present Government. Any connections drawn between the tax issue and the Rafale matter is totally inaccurate, tendentious and is a mischievous attempt to disinform."

Quoting French newspaper, Le Monde, at a here, said: "Between February and October 2015, while the French were negotiating the Rafale contract with India, enjoyed a tax waiver of 143.7 million euros from the French state."

"The French tax authorities who had earlier demanded close to 150 million euros from the Reliance-owned company, Reliance Atlantic Flag France, agreed to settle the matter with just 7.5 million euros, the rest of the demand was simply waved, and this is Le Monde's claim, not mine," said Surjewala.

"Layers of connivance, crony capitalism and corruption are now getting unveiled. As soon as Modiji came to power he scrapped the deal signed by (UPA) for 126 Rafale jets at Rs 526 crore per unit with a transfer of Then he went to and announced that Made in Rafales will now be purchased at Rs 1600 crore per unit," he said.

He also stated that former French had claimed that excluding Rafale and bringing in was done as per the wishes of the

"As soon as the deal was signed the transferred 70 per cent of the deal amount (Rs 50,000 crores approximately) to as advance payment, this same amount was invested by in AA's (Anil Ambani) company by This is how Modi kripa works," said Surjewala.

Responding to the allegations, released a statement denying any "favouritism or gain" from French authorities. The tax demands were completely "unsustainable and illegal" the statement said, and claimed that tax disputes were settled "as per legal framework in available to all companies operating in France."

said that between 2008 and 2012, Flag France had an operating loss of Rs 20 crore (EUR2.7 million) while the French tax authorities had raised a tax demand of over Rs 1,100 crore for the same period.

"A mutual settlement agreement was signed to pay Rs 56 crore as a final settlement," it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 13 2019. 17:44 IST