Why GOI has not appointed ONGC Chairman for more than 6
Months, why only acting chairman?
Answer is - only to prefer RIL-BP 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 in no uncertain terms that the Government of India unduly favoured private oil
and natural gas explorers including the Mukesh Ambani-led Reliance
Industries Ltd, thus 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 7th 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 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 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's relation with Indira Gandhi , how he got tax & excise exemption. How Indira Gandhi favoured Dhirubhai , in the book– “The Polyester Prince”.
DOWNLOAD THE BOOK FROM HERE:– http://www.ziddu.com/download/6202617/DhirbhaiAmbani.rar.html
Is K-G Basin the personal Property of Mukesh Ambani , because he bribed politicians? Who is Mukesh Ambani to sell
30% of K-G Basin Block to British Petroleum & receive money? Why is
Indian paid Media silent on this? Media is acting like Mafia in our country ,
working for Industries & Politicians as a lobby. This scam is
much bigger than 2-G scam or Rs-48 lakh crore coal scam or are we waiting for
10.2 Billion USD defence deal scam what Indian Government is
planning?
http://myeconomist.wordpress.com/k-g-basin-mukesh-ambani-scam/
