Govt panel starts probe into Reliance’s ‘unfair’ acts

A high level parliamentary panel has started inspecting into allegations that Reliance Industries is ‘unfairly producing over Rs 10,000 crore worth of natural gas belonging to state-owned ONGC in the KG-basin’ It has also constituted a sub-committee to go deeper into the issue.

According to a PTI report, the Public Accounts Committee (PAC) began examining the CAG report of last year that had red-flagged $1.6 billion of excess cost recovered by RIL in the KG-D6 gas block as also state-owned ONGC’s gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.

Quoting sources, it said a sub-committee headed by TMC MP Sukhendu Sekhar Roy was constituted to look deeper into the matter.

Officials of RIL and ONGC appeared before the panel and presented their case. The PAC has decided that its sub- committee on infrastructural projects headed by Roy will look into the matter, a source reportedly said.

Research Desk

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