Kejriwal alleged Prime Minister Manmohan Singh of being sympathetic towards RIL as he sought the opinion of the attorney general on the issue of hiking gas price from KG D6 basin, even after Reddy denied to raise the prices. Kejriwal also termed the action of RIL to sell 30% of its stake in KG D6 basin to British Petroleum as illegal.
Refuting the charges made my Kejriwal, Reliance Industries Limited in a press statement said that the charges are devoid of any truth or substance whatsoever and are denied. The company in its defence said that the deep water exploration project in the KG-D6 basin has deployed the best technical resources, and has been recognized by the oil and gas industry as one of the very best in its class. Terming the allegations made by Kejriwal as irresponsible, RIL said that India Against Corruption has some vested interests behind it.
This is not the first time RIL has been embroiled in a controversy. The company in the past also had made headlines for negative reasons. As reported by Live Mint (e-edition of Mint), in 2003, a magazine called Seminar reported about the proximity of Late Dhirubhai Ambani with the politicians and his enmity with Bombay Dying chief Nusli Wadia. Journalist turned politician Arun Shourie had also reported about illegal imports by the RIL and overseas share transactions by shell companies, and the botched attempt to acquire Larsen & Toubro. According to Mint, Outlook magazine in 1996 had reported about other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned Unit Trust of India.