Anil should let SC decide gas row: Mukesh's RIL News AllLeatherProduct

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ANIL SHOULD LET SC DECIDE GAS ROW: MUKESH'S RIL

DATE : 07-Aug-09

COUNTRY : India

NEWS IN BRIEF

MUMBAI: The public row between the Ambani brothers flared up on Friday with Mukesh-led RIL hitting out at Anil for personal and orchestrated

attacks to turn legal issues into public ones and preaching restraint.

"We shall continue to exercise restraint in the face of Anil Ambani's provocative public statements. We hope that Anil and his associates will also exercise similar restraint and leave the matter to be decided by the Supreme Court," RIL said in a statement.

The advice by the elder brother-run group comes after Anil unleashed an attack on Mukesh, accusing him of denying a role for mother Kokilaben in resolving disputes and trading their father late Dhirubhai's vision for corporate greed.

"While Mukesh Ambani is profoundly saddened by his brother's remarks, he requests the media to respect his decision not to respond," said the RIL statement.

The Supreme Court will on September one hear their cross appeals on a ruling of the Bombay High Court that RIL should supply gas to RNRL at USD 2.34 per mmBtu. It will also consider admissibility of the government petition on the matter.

Anil, at the AGM of RNRL last month, had also accused the Petroleum Ministry of siding with RIL on the gas issue to help the company earn a super-normal profit of Rs 50,000 crore

Rejecting "the baseless, tendentious and motivated allegations and insinuations" made by Anil and his associates, RIL said the public statements were attempts to convert "legal issues into public issues."

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