K-G BASIN MUKESH AMBANI SCAM

Why Our Government has not appointed ONGC Chairman from 6 Months, why only acting chairman. Answer is only to prefer RIL GAS DEAL.

Draft Report (2010–2011), the Comptroller and Auditor General of India’s (CAG) first ever audit of oil and gas companies operating in India, said that the Government of India unduly favoured private oil and natural gas explorers including the Mukesh Ambani-led Reliance Industries Ltd incurring a huge loss to the exchequer. The CAG report mentioned that the Ministry of Petroleum and Natural Gas (MOP&NG) and its regulatory arm – the Directorate General of Hydrocarbons (DGH) – allegedly favoured at least three private oil and natural gas explorers. The report alleges that the government allowed Ambani’s Reliance Industries Ltd (RIL) to violate terms of its contract with the government for exploration in the Krishna-Godavari basin (KG-D6). Allegedly, 70% of the draft Comptroller and Auditor General of India report is devoted to Reliance Industries Ltd alone.

The CAG sent its Draft Report to the Ministry of Petroleum and Natural Gas (MOP&NG) on June 8, 2011. The CAG report also noted that former Directorate General of Hydrocarbons (DGH) permitted Reliance Industries Ltd (RIL) to inflate its development costs on extracting the gas in the D6 block to the KG basin (KG-D6) from USD $2.47 billion to a huge USD $ 8.84 billion. The CAG also cited a joint venture of RIL with British Gas(BG) and Oil and Natural Gas Corporation(ONGC) for hiking development costs in the Panna-Mukta and Tapti gas fields. It has been earlier been alleged that an Empowered Group of Ministers (EGoM) had allowed Reliance Industries Ltd to sell per unit of the gas at a price of INR Rs. 4.20 even as the government companies were selling the same for just INR Rs. 1.20.

In 2009 senior Income Tax officials in its report warned the Central Bureau of Investigation (CBI) of India, of a nexus between Reliance Industries Ltd and bureaucrats in the Ministry of Petroleum and Natural Gas (MOP&NG).The CBI was alerted in this report to the possibility that Reliance Industries Ltd had bought a house for (Vinod Kumar Sibal) V K Sibal, Head of the Directorate General of Hydrocarbons (DGH), the technical arm of the Ministry of Petroleum that supervises licenses and permissions for private operators. (http://articles.economictimes.indiatimes.com/2011-05-06/news/29517187_1_reliance-gas-block-hardy-oil-niko-resources  )

In response, on the 7th of October, 2009, the Directorate General of Hydrocarbons (DGH), through full-page advertisements, said that the capital expenditure at RIL’s KG-D6 field had gone up from USD $ 2.47 billion to USD $ 8.8 billion due to a three-fold rise in plant capacity, doubling of output, 16 additional wells and a host of other facilities.

Vinod Kumar Sibal is related to Kapil Sibal, Minister of Human Resource Development and Minister of Communications and Information Technology.On the 1st of July, 2011, in the registration of a formal case of corruption against V K Sibal, former DGH, the CBI also mentioned a Houston-based company – GX Technology (GXT) and its Indian representative — Sujata Venkatraman, for showering favours on V K Sibal and his family members. It had been alleged that the entire cost incurred by Sonia Sibal, the former DGH’s younger daughter, in completing a hotel management course from one of the prestigious institutes of Switzerland was borne by Sujata Venkatraman of GX Technology (GXT).

On the 24th of June, 2011, Reliance Industries Ltd (RIL) Chairperson Mukesh Ambani met Prime Minister Manmohan Singh amid accusations of his company increasing capital expenditure and violating terms of contracts with the Government of India. Ambani met the PM in the wake of the Draft Report from the Comptroller and Auditor General (CAG) that had alleged that RIL received favours from the Ministry of Petroleum and Directorate General of Hydrocarbons, the regulator for oil hunting companies. RIL had also obtained portions of the CAG Draft Report after it made a request to the Ministry of Petroleum.

In October, 2009, CBI had initiated a probe against  V K Sibal on allegations that he had received favours from Mukesh Ambani-owned Reliance Industries Limited (RIL) for approving a near four-fold hike — to $8.8 billion — in expenditure for gas field. Official sources in the CBI said a reference had been received from the Central Vigilance Commission(CVC) in this regard and the agency would look into it. The then CVC Secretary K.S. Ramasubban had on October 1, 2009, written to the then CBI Director Ashwani Kumar seeking discreet field verification on the allegations of RIL purchasing flats in Mumbai for Mr. Sibal’s daughter and incurring expenses over purchase of consumer durables for her.  “It is alleged that Sibal favoured RIL and approved a phenomenal increase in the capital expenditure from $2.4 billion to $8.8 billion for KG D6 field between September and December 2006 in lieu of personal favours/ services from RIL Group of Industries,” said CBI’s PE no 6(A)/2009 filed by its Anti-Corruption Unit.

DHIRUBHAI AMBANI TRUTH:—– You can find Dhirubhai Ambani relations with Indira Gandhi , how he got tax & excise exemption . How Indira Gandhi favours Dhirubhai , in the book– “The Polyester Prince”.  
DOWNLOAD BOOK FROM HERE:–     http://www.ziddu.com/download/6202617/DhirbhaiAmbani.rar.html

Is K-G Basin is the personal Property of Mukesh Ambani , is because he paid bribe to politicians. Who is Mukesh Ambani to sell 30% K-G Basin Block to British Petroleum & took money ? Why is Indian paid Media is silent ? Media is acting like Mafia in our country , working for Industries & Politicians as a lobby. Is this a scam is bigger than 2-G scam or Rs-48 lakh crore coal scam or are we waiting for 10.2 Billion US dollar defence deal scam where Indian Government is planning.

  1. INDIAN-WELL WISHER
    September 24, 2011 at 8:27 pm

    IT SEEMS KG BASIN SCAM IS BIGGER THAN 2G SCAM. STILL IT IS UNEARTHED. THIS IS HOW CROREPATI’S BECOME ARABPATI’S & MORE CLIMBING THE LADDER TO BUILD A MODEST 5000 CRORE HOUSE WHERE THE LADDERS ARE MADE OF REAL GOLD/SIVLER. AN UTTER WASTE OF NATURAL RESOURCES IN ALL TERMS. THESE SCAMS REVEAL A GLOOMY PICTURE OF INDIAN ECONOMY WHICH HAMPERS GROWTH OF OTHER SECTORS AS WELL.

  2. October 26, 2011 at 12:18 am

    Did you design the site this well with the default blog tools? Your blog is incredible.

  3. April 4, 2012 at 4:51 pm

    what the hell is going on why reliance permited to capex 2.4 billon$ to 8.8 billion $ why permitted to sell gas unit at 4.2 indian rupees istead of govt co sell on 1.2 rupees per unit y on g c director not appointed and let the jv deal with r i l , bp and in between o n g c happen why our so called honest prime minister is silent why all silent like nothing happen

  4. wasp
    July 23, 2012 at 8:12 pm

    Hello, I hope the Satyameva Jayate show will be able to devote an episode on this type of activity. But there is one hurdle: the show is sponsored by Reliance.

  1. July 25, 2011 at 11:53 pm
  2. August 18, 2011 at 6:59 am

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