RIL will continue to exercise restraint in face of ADAG charges: Mukesh Ambani
08 August 2009
In response to ADAG chief Anil Ambani's allegations and that of other officials of the group RIL president (petroleum business) Atul Chandra said ADAG was converting a legal issue into a public one.
He added that RIL's investment in the KG basin was substantial and it would harness the assets in the company's best interest.
He said the company would not react to Anil Ambani's malicious remarks as its legal advisors have asked on issues raised by Anil Ambani.
RIL chief Mukesh Ambani said he was saddened by Anil's personal remarks in the gas row.
'As a law-abiding and responsible corporate citizen, RIL has chosen to refrain from reacting to the malicious propaganda unleashed by Anil Ambani in the national media. Our legal advisors also counselled us to refrain from commenting on issues being adjudicated by the Supreme Court. As such, we shall continue to exercise restraint in the face of Anil Ambani's provocative public statements. We hope that Anil Ambani and his associates will also exercise similar restraint and leave the matter to be decided by the Supreme Court.'
RIL said Anil Ambani's public statements in the past one week amounted to an 'orchestrated campaign' to drag into public domain what is a legal issue pending with the Supreme Court. The date for the hearing on the issue is set for 1 September during which it will consider the cross-appeals of RIL and RNRL on a ruling of the Bombay High Court, which asked RIL to supply gas to RNRL at $2.34 per mBtu. The hearing will also include the admissibility of the government petition on the matter.