New Delhi: Delhi Chief Minister Arvid Kejriwal has said a criminal case will be filed against billionaire Mukesh Ambani and Union Oi...
Please click one of the button below to read Full Story / Video.
New Delhi: Delhi Chief Minister Arvid Kejriwal has said a criminal case will be filed against billionaire Mukesh Ambani and Union Oil Minister Veerappa Moily for colluding to inflate the prices of gas for the capital.
Mr Kejriwal said anti-corruption officials are filing an FIR or First Information Report against the minister and Mr Ambani, who is the Chairman of Reliance Industries Limited. An FIR is the first step towards the filing of formal charges.
The chief minister said that prices were escalated to allow windfall gains to Reliance, partly by creating an artificial shortage.
Reliance, which operates the D6 block off the eastern coast, has reported a sharp decline in gas output since 2010. Reliance and partner BP have blamed geological complexities for the fall in output, but the oil regulator believes they failed to drill enough wells.
In December, the Centre said that starting April, Reliance Industries can charge higher prices for gas after the company offered financial guarantees to the government to settle any claims against it over a shortfall in its gas output.
In June last year, the centre approved a move to higher, market-related rates for locally-produced gas from April 2014, but the finance ministry later said prices for Reliance should be capped because the company's gas production from the offshore D6 block is far below its supply commitment.
Gas from D6 was earmarked for strategic domestic industries including fertiliser production, cooking gas and power, but has fallen so much that only some fertiliser plants now get supplies from the offshore block.
Sponsored Links
Like us For more Updates
.JPG)
0 comments:
Post a Comment