Mukesh, Moily and 2 others named in anti-graft FIR
Feb 12 2014 , Mumbai
On Tuesday, chief minister Arvind Kejriwal had accused the four of conspiring to inflate gas price by deliberately reducing production. The names of Moily, Ambani, Deora and Sibal have been mentioned in the FIR, PTI said quoting official sources.
RIL has denied the charges and plans to take Kejriwal to court for defamation and maligning the reputation of the firm.
Stock market operators believe it has become a norm with the Delhi government to allege wrongdoing by firms. The RIL stock, which shed over 2 per cent on Tuesday, almost fully recovered on Wednesday.
Deven Choksey, MD of KR Choksey, said, “I do not think it (FIR) will affect the company in any manner as people have understood what Kejriwal has been trying to do just before the elections.”
SP Tulsian, independent expert, said, “The price revision was already planned after five years of uniform pricing. The issue of goldplating and underproduction is already in the Supreme Court. So is Kejriwal trying to do?”