Interesting developments of great public interest are happening in ongoing hearing of Reliance KG Basin Gas case being heard by the Supreme Court. The gas contract and pricing is being questioned by two Public Interest Petitions (W.P(C)No.513/2013 and W.P(C)No.728/2013)filed by Gurudas Dasgupta, a veteran leader of Communist Party of India and Common Cause, an NGO of repute.
The PIL is being heard by a Bench consisting of Justices B.S. Chauhan, J. Chelameswar and Justice Kurian Joseph.
During the hearing today, Mr Bushan who is appearing for Common Cause submitted that the government has not even bothered to investigate an open and shut case of huge money laundering done by Reliance and Mr. Mukesh Ambani. According to him, this is despite the fact that Indian High Commission in Singapore had written to the Central Government as far back as on 31st August 2011 requesting for an investigation. He pointed that the High Commission had stated that Rs 6530 crores have come into India from Bio Metrix Marketing Ltd, a one room company in Singapore that does not do any business. It was pointed out that this is a company with no assets, no equity and does not file an income tax returns in Singapore claiming to be a small company, yet this huge investment by this company of Rs 6530 crores, which is the single biggest FDI into India from Singapore. According Bhusan, the High Commission had stated that all this money has gone into Reliance group of companies in India with the major chunk going to Reliance Gas Transportation Infrastructure Ltd which is a company 100% owned by Mr. Mukesh Ambani personally. On hearing the submission, the Court has asked the Solicitor General about the status of letter, to which SG Mr. Parasaran said that he would file a report before the court. The arguments would continue tomorrow.