THE GAS WAR
Ambani Siblings have now started fighting over a national asset. Anil ambani sued his elder brother Mukesh over his refusal to supply gas to his power plant at prices agreed through a family settlement brokered by Kokilaben. the learned judges of the high court of Mumbai ordered RIL to implement the family settlement and asked Ministry of Petroluem and Gas presided over by an Ambani admirer Murli Deora to help sort out technicalities. The Government then impleads itself calling the right to get gas at favorable prices through a family settlement is untenable as the asset belongs to the nation. Ambani's RIL had got rights to explore, find and transfer the gas in Godavari basin and the arrangment has a profit sharing agreement with GOI who own the asset. The Pricing has to be commercially feasible. The younger Ambani writes to the Prime minister accusing his minister of meddling in a family affair. The brothers frequently meet the Prime Minister and powers that be.
Left Parties advised the PM and his men to keep off from corporate feuds. PM would not listen,.He always gives audience to Ambani brothers. Ambani Sr. meets UPA Chairperson frequently. These send wrong signals to the business community. Just when the administration was becoming transparent, behind the scenes moves on government policies are intriguing and do not add to the credibility of Dr.Manmohan singh government. They should take their objection to the sibling fight over a national asset seriously and fight to the finish. The pricing of gas should be favorable to the ultimate owner of the asset- the Government of India and GOI should not allow RIL to masquerade as custodian of public wealth and rob the exchequer.
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