Mukesh Ambani meets PM, RIL gets copy of CAG report

Mukesh Ambani meets PM, RIL gets copy of CAG report

New Delhi: Days after a CAG (Comptroller and Auditor General) draft report said Reliance Industries Ltd (RIL) got out of turn favours from the oil ministry and its technical arm DGH (Directorate General of Hydrocarbons), RIL chairman Mukesh Ambani on Friday met Prime Minister Manmohan Singh.

No details were available on what India’s wealthiest man discussed with the Prime Minister. RIL offered no comments on the meeting.

Separately, RIL wrote to the oil ministry requesting for a copy of the draft report of the CAG, after which the relevant portions of the draft CAG report were provided to the company, sources said.

RIL earlier this week had written to the ministry saying that the reported comments from the leaked report reflected a “complete misunderstanding of legal and contractual issues" and hurt its reputation.

RIL shares have fallen 8% since the draft CAG report first appeared in media on 13 June. It ended almost flat on Friday at Rs870.40 even though the BSE Sensex rose 513 points, or 2.89%.

Officials in the Prime Minister’s Office (PMO) said the meeting between Singh and Ambani happened around noon but offered no further details.

Ambani, however, did not seek any meeting with oil minister S. Jaipal Reddy who had earlier this week stated that his ministry will approach the draft report of the nation’s top auditor with an “open mind" and give its response within eight weeks.