Probe into Rs 6,530-cr investment by Biometrix in RIL companies still going on, Centre tells SC

Apr 02 2014, 14:05 IST
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SummarySubmitting two status reports on the probe conducted by the CBDT and the Enforcement Directorate in sealed covers, the Centre

Submitting two status reports on the probe conducted by the CBDT and the Enforcement Directorate in sealed covers, the Centre on Tuesday told the Supreme Court that investigation into the alleged Rs 6,530-crore investment by Biometrix Marketing in Reliance Industries firms is still on.

The reports came in response to the Supreme Court last week asking the government to inform it on the steps it had taken on a request by the Indian High Commission in Singapore for an investigation into the alleged money laundering issue raised by Common Cause, an NGO, against RIL.

Counsel Prashant Bhushan, on behalf of the NGO, had contended that “the High Commission had said all this money had gone into the Reliance group of companies in India with a major chunk going to Reliance Gas Transportation Infrastructure, which is a 100% owned by Mukesh Ambani personally,” he added.

Solicitor General Mohan Parasaran on Tuesday told the bench headed by Justice BS Chauhan that the government has not shown any favour to RILin the matter of gas exploration in KG basin or pricing and such allegations made by CPI leader Gurudas Dasgupta and the NGO were without any basis.

He said that there was no collusion between the Centre and the contractor and the former has been consistently taking a strong stand against the latter's failure to fulfill obligations under the PSC. “There were allegations of collusion between government and private operators. But how is it possible, when the government has taken so many action against RIL. The government asked for CAG audit, it disallowed cost recovery and all these action shows government’s seriousness. Also how can a PIL question the arbitration. Arbitration (as alleged) is not and eye wash, two former chief justice of India are part of it and there is a neutral arbitrator,” Parasaran argued.

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