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Warring Ambani Brothers bhai-bhai again?
By siliconindia
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Wednesday, 28 December 2011, 01:16 IST |
2 Comments
In 2006, Anil publicly questioned the gas supply agreement between Reliance Industries and Reliance Natural Resources at the time of split. Mukesh's company was reportedly going to sell gas to Anil's power company at a reduced rate, for which the government opposed. This made Anil suspect that Mukesh had some covert dealings with government bureaucrats. The year 2008 saw too many clashes between the brothers. Anil went to the extent of accusing the then Petroleum Minister, Murli Deora of secret dealings with his elder brother in 2008.
In 2008, Anil made another headline when he filed a $2.12 billion defamation suit against Mukesh for his remarks made on him in an interview with New York Times. June of 2008 Anil lost the deal with South Africa's multinational mobile telecomm company, MTN due to legal and regulatory issues. But Anil said that the loss was due to Mukesh's involvement. The coming years media had a field trip as Anil in 2009 addressed a letter to Indian Prime Minister Manmohan Singh in which he said: "Major power cuts, especially in north India, have become commonplace, causing grave hardship to hundreds of millions of consumers" sadly, all a result of RIL's corporate greed." He also asked that the oil ministry stay out of a commercial dispute between the companies according to Business Insider report. In July 2009, Mumbai High court gave a deadline of six weeks to sign the gas supply agreement.
They always say that younger siblings are the naughtier ones and Anil kept proving it through his innumerable acts against Mukesh. In August of 2009, Anil released daily ads criticizing his brother's company and the government alleging that the Indian government had taken Mukesh's side to raise the price of gas from Krishna Godavari basin. In August 2009, the brothers became a part of national interest when they saw their fights had affected the capital markets. Indian Finance Minister, Pranab Mukherjee requested the brothers to resolve their dispute privately. October 2009, both brothers go to Supreme Court over Gas dispute. In May 2010, the Supreme Court ruled in favor of Mukesh Ambani.
