It seems a cover up to show that govt is acting against corporates and not working in collusion with them. It is also a way to keep control over corporates so that they don't act agains the govt in any respect, as the threat of punishment under these cases remains. In all probability, nothing will come out of these arrests although the resolution of the cases may take years. The key is that Govt is working in collusion with business, which is clearly seen in the land ordinance, mining ordinance and the coal auction process to the same miner whose blocks were cancelled without completion of CBI investigations.
Incidentally, this isn't the first time that Reliance has been caught with its hands in the till. 3 very senior Reliance officials were found to have secret documents during a raid at their offices in 1998. Proceedings were initiated against them under the Official Secrets Act, and are still ongoing almost 17 years later. Reliance's top management was alleged to have received the documents via fax, but unsurprisingly, were let off the hook - as has occurred in subsequent instances as well (notably the 2G scam). As far as the accused Reliance officials are concerned - 2 of them continue to be key Reliance "corporate relations" interlocutors in Delhi, and have even been promoted. So much for Reliance's "robust internal probe".
COMMENTS
2
Paresh
It seems a cover up to show that govt is acting against corporates and not working in collusion with them. It is also a way to keep control over corporates so that they don't act agains the govt in any respect, as the threat of punishment under these cases remains. In all probability, nothing will come out of these arrests although the resolution of the cases may take years. The key is that Govt is working in collusion with business, which is clearly seen in the land ordinance, mining ordinance and the coal auction process to the same miner whose blocks were cancelled without completion of CBI investigations.
Rocket Scientist
Incidentally, this isn't the first time that Reliance has been caught with its hands in the till. 3 very senior Reliance officials were found to have secret documents during a raid at their offices in 1998. Proceedings were initiated against them under the Official Secrets Act, and are still ongoing almost 17 years later. Reliance's top management was alleged to have received the documents via fax, but unsurprisingly, were let off the hook - as has occurred in subsequent instances as well (notably the 2G scam). As far as the accused Reliance officials are concerned - 2 of them continue to be key Reliance "corporate relations" interlocutors in Delhi, and have even been promoted. So much for Reliance's "robust internal probe".