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Reliance Industries Limited (RIL) is shocked and outraged by the reports broadcast on Thursday, first by TV5 and later by a few other Telugu television channels, which attempted to link us with the most tragic death of former Chief Minister Dr.Y.S. Rajasekhara Reddy.

Reliance Industries strongly condemns and unequivocally refutes all the allegations with the contempt they deserve. The unsubstantiated, malicious and motivated reports are utter rubbish, without an iota of truth in them. That the news channels sensationalized a speculative story appearing on a little-known foreign website of dubious credentials, without crosschecking with us, betrays their mala fide intentions.

This is further evident from the sudden, pre-meditated, organized and well-coordinated attacks on RIL’s various installations and properties across the State that ensued within minutes of the first news broadcast. These orchestrated criminal acts have caused extensive damage to our properties. Worse, some of our personnel and valued customers have been injured in the mindless violence. All this has been done in cahoots with our business rivals.

Reliance Industries will proceed legally against TV5 for deliberately telecasting a false report, which has tarnished our reputation, harmed our customers, and caused us business losses. We demand that the Central and State governments conduct a thorough inquiry into the synchronized criminality of the news channel and the perpetrators of violence against Reliance Industries. The culprits must be brought to justice.

Reliance Industries is a law-abiding corporate citizen. We have cordial relations with all the stakeholders in the state, including leaders of all the political parties. We fondly recall our association with the late Chief Minister Dr. Y.S. Rajasekhara Reddy. Thanks to his active support, several of our business initiatives in Andhra Pradesh took off and RIL rapidly expanded its footprint across the State. Our significant investments in Andhra Pradesh have benefited both the State and the nation. Today we are one of the biggest private sector employers, providing direct and indirect employment to more than 10,000 people in the State.

We deeply regret inconvenience caused to our customers in the State following the disruption of our business activities. We sympathise with, and sincerely apologize to, our customers.

Today, an RIL spokesperson released a statement to the press, commenting upon the recent allegations of a Telugu news channel. TV5 based its allegations of RIL’s chief, Mukesh Ambani being involved with the helicopter crash of Y. S. Rajasekhara Reddy upon the claims of a Russian website.

“The Exile”, a little known Russian website, claimed that Mukesh Ambani perpetrated the death of the former chief minister as he was obstructing Reliance’s interests in gas from the KG basin.

The Andhra Police has already filed a suo moto case against the news channel TV5 for instigating violence in the state with such reports. RIL too will be filing a criminal complaint against the channel, stating the allegations were “false, malicious, motivated and libelous.”

Source: http://ril.com/downloads/pdf/PR08012010.pdf

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* The coating each month?
* Missed one / several loans repaid?
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Understand why you should consolidate debts?

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