Saturday, October 24, 2009

another RIL scam of epic proportions

On March 19, 2003, Reliance Gas Transportation Infrastructure Ltd (RGTIL) was formed as a subsidiary of Reliance Industries for transportation of gas extracted from RIL's gas fields in KG Basin. On August 18, 2004, RGTIL while it was still a 100 % subsidiary of RIL was granted approval by the petroleum ministry to transport 80 million units of gas per day from Kakinada to Bharuch, passing through four states - AP, Karanataka, Maharashtra and Gujarat.

On April 21, RIL chairman Mukesh Ambani quietly without any disclosure stripped RGTIL from RIL and converted it into his personal property at a meagre price of just Rs 5 lakhs. Through a maze of private companies owned by Mukesh Ambani namely Lordwest Invest & Trading, Shangrila Invest & Trading, Proline Invest, Jigna Fiscal, Vayudoot Invest & Trading, Yashasvi Holding and Anumati Mercantile, he now controlled 100 per cent of what was till then a 100 % subsidiary of RIL. It was a classic manoeuvre.

All the above companies have Reliance employees as directors. Their registered office addresses are also the same as the other companies (promoters and persons acting in concert of RIL). The registered office address of these individuals are 84A Mittal Court, 505 Dalamal House, 147 Atlanta; all known Reliance Group offices in Mumbai's Nariman Point area.

This year, the Union Budget presented in July inserted a new section 35D in the Income Tax Act, 1961 which allows 100 % of capital expenditure incurred on setting up and operating natural gas or crude oil pipeline network as 100 % tax deduction in the very first year. Capital expenditure is never allowed as revenue expenditure in the first year. The beneficiary of this scam is none other than Mukesh Ambani who has once again twisted the law to suit himself. Sum total accruing to Mukesh Ambani is Rs 20,000 crore.

39 comments:

Frustrations Amalgamated said...

Saw the blog first time today. Great work. Hats off and more strength to you.
www.frustrationsamalgamated.blogspot.com
R. Balakrishnan

北橋 said...

快樂與人生,是最好的伴侶 ..................................................

西門町 said...

波霸口交18禁貼圖寫真視訊援交露點爆乳潮吹裸體裸照裸女愛愛無碼尋夢視訊聊天a漫a片a圖一夜情一葉情人妻激情情色寫真美女自拍辣妹自拍正妹自拍美女走光辣妹走光正妹走光脫衣秀脫衣走光

時尚 said...

這麼好的部落格,以後看不到怎麼辦啊!!!..................................................

念強 said...

苗栗聊天彰化聊天室二聊天勢苗栗聊天室ut中部人聊天猛插陰道現上成人影片現上免費現上免費a片現上免費影片現上情色片現上影片甜心寶貝片區甜心寶貝區情愛貼片情愛卡通情愛小說情色成人站情色的影片情色按摩免費線上看情色圖貼區情色圖網站情色熊貓貼圖情色網路遊戲情色聞學情色影片片情色影片放映區情典獄長情侶做愛片情侶影片線上看武俠小說 亂倫小說 69成人6k聊天室

李惠玲 said...

良言一句三冬暖,惡語傷人六月寒。......................................................

逸凡逸凡 said...

若對自己誠實,日積月累,就無法對別人不忠了。........................................

Ko212ryS_Dahle0 said...

凡是遇到困擾的問題,不要把它當作可怕的,討厭的,無奈的遭遇,而要把它當作歷練、訓練和幫助。........................................

珮均 said...

Gather roses while you may. ....................................................

彥鈺璇洋 said...

很不賴的分享!! 多謝啦!!◑0◐........................................

Br1207yantScipio1 said...

一句話,那就是,"船到橋頭自然直.".............................................

韋于倫成 said...

做好事,不需要給人知道,雖然只是一件微不足道的事,但我相信,這會帶給我快樂。 ..................................................

amardeep said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people.
Its our pleasure to post informative content on this useful blog created by webmaster.
We provide FREE service of Share Tips in BTST calls (Buy Today Sell Tomorrow).
We also offer Nifty Calls with short term view & Investment Plans with upto 400% Return On Investment.
Our Service is Absolutely FREE to those who open account with Reliance Money through us.
If you already have Reliance Money account, Still You can avail our FREE service. To do so, please Contact Us
amarinvestments
Now I just want to tell you more Information in share market ,
who one earn profit in intraday just tell me once .
we gave a btst call in which we are making good profit and before 10 am we quit from market with a good profit .
just tell me once that when market open in green means +100 points , many stocks allready open in 1% to 2% up .
so how can you make profit . and when you enter in these level our smart investor quit the game and our intraday losser are hang in it .
so WHAT TO DO just contact us at www.amarinvestments.com. we will tell you how you can success in it .we will tell you how you can make sure money in Nifty . JUST WALK WITH US JUST TALK WITH US AND EARN LOTS OF MONEY WITH US .
WWW.AMARINVESTMENTS.COM
THERE is a one stock that gives 400% profit in a year .
from 10 years 2000 to 2010 it gives these types of profit .
we make 3 times money in it .
If some body want to check this stock status , just check the performance of this stock before invest ,
no one can make these types of profit through trading .
so just invest and make your money 400% in 1 year .
our services are free of cost .
to do so pls contact us at our site amarinvestments

建霖 said...

哥倫布:「勇於追求新的地平線就是冒險家。」加油!! ....................................................

哲宇皓云 said...

喘口氣,看個文章,謝謝您的格子囉~~..................................................

佩GailBohanan1蓉 said...

Joy shared with others are more enjoyed.............................................................

佳梅 said...

How about the sorted out products..................................................

林奕廷 said...

謝謝格主的分享......................................................................

Elvis湘均Kasp湘均 said...

所有的資產,在不被諒解時,都成了負債.................................................................

宛真宛真 said...

如此動感的blog!!!.................................................................                           

誠侑誠侑 said...

來給你加油打氣!!!保重!!!.................................................................                           

倩亮倩亮 said...

當一個人內心能容納兩樣相互衝突的東西,這個人便開始變得有價值了。............................................................

羅承霞 said...

人因夢想而偉大,要堅持自己的理想哦!.......................................................

PearleY建佑 said...

來拜訪你囉~期待你的下次文章~加油^^..................................................................

ju吳phe宇te佳ns said...

寂寞又無聊 看到你的BLOG 加油喔!!..................................................................

淑娟淑娟 said...

very nice blog~~..................................................................

懿綺懿綺 said...

支持你!!!期待你的更新!!!相信一定會更好!!!!............................................................

terriyoung201 said...

要用心經營哦~~祝福你~~
............................................................

李志杰 said...

Prevention is better than cure.............................................................

淑娟淑娟淑娟 said...

感謝分享 功德無量............................................................

可欣可欣 said...

人生中最好的禮物就是屬於自己的一部份............................................................

承王蓁 said...

永遠支持你呀!!HO!!HO!!HO!!HO!!~~..................................................................

家唐銘 said...

享受你自己的生活,不要與他人相比。......................................................

宜明文潔 said...

人不能像動物一樣活著,而應該追求知識和美德............................................................

凱v胡倫 said...

期待新的內容 感謝你..................................................................

怡屏 said...

生存乃是不斷地在內心與靈魂交戰;寫作是坐著審判自己。..................................................

玉韓韓韓婷韓韓韓韓 said...

說「吃虧就是便宜的人」,多半不是吃虧的人。......................................................................

瑰潼 said...

上班很累,摸個魚輕輕鬆鬆的逛部落

krishakumar yadhavan said...

Wonderful blog & good post.Its really helpful for me, awaiting for more new post. Keep Blogging!








Registration of Private Limited Company in India