A mail is making rounds in the state following the report on the alleged conspiracy behind the death of former chief minister Y S Rajasekhara Reddy telecast by some TV channels based on Russia's The Exiled speculative story.
Here are the “facts” about the Reliance Industries. Read on:
YSR was the only Chief Minister who challenged the KG gas loot going on in Andhra Pradesh coastline – RIL has almost 100% of near shore blocks over 70% of Off Shore blocks in India. Oil & Gas could be worth over $1000b in hoarded value – most going out of poor state to enrich Mukesh Ambani. RIL is World’s mostnotorious Rogue Corporate & Blackmailer.
1. RIL blackmailed publishers of Polyster Prince in Australia through legal notices confiscating books from shops etc – a book that researched the dubious conduct of aenior Ambani.
2. RIL Telecom venture operated Local Area license to operate national and international service bypassing and depriving other competitors of revenue share.
3. RIL acquired 70% Off Shore Exploration Licenses over a million square kilometers – all prime sites along Andhra Coast through political manipulations when it didn’t own a single Drilling Rig and in 10 years developed not even 1% of the blocks.
4. RIL Hoarded KG gas. First well was dug in 2002 that was biggest discovery of 2002 yet it HOARDED on to the find awarded Development Contract to Bechtel in 2006. Pipeline contract to Chinese company was awarded in 2007. $200b worth of petroleum imports could have been avoided had the contract gone to some experience developer.
5. RIL is taking out most of the KG gas out to Gujarat where it has its own Refineries and project and to connect with GAIL network leaving little or nothing for AP.
6. RIL operated Clandestine Exchanges – were caught red handed by CBI for Re-routing international calls as Locals and cheated BSNL/MTNL revenue worth several thousand crores.
7. RIL took over BSES of Mumbai – Under declared profits Rs.1827 crores in just one year.
8. RIL acquired 25,000 Hectares of SEZ in prime locations around Delhi and Mumbai for Speculation Purposes cheating Farmers and GOI. Acreage of RIL was 70% of all SEZs.
9. RIL sabotaged LANCO successful bid for 4000MW UMPP at Sasan “Lanco gives itself 54 months to complete Sasan” this was the headlines in 2006. Project is delayed by 4-5 years – Reliance paid few paise more per unit for this project but also got three Coal Mines with 900 million tones coal reserves worth Rs. 1,80,000 crores free.
10. Soon it bid for another project next to SASAN that will charge nearly rupee more and obviously most of the Power will generated at second project. Sasan will supply peaking power.
11. RIL inflated Capital Expenditure by up to TEN fold. P-52 Platform of Petrobras cost under $1b – RIL is charging over $10b. Piper Alpha and P-52 are huge platforms in comparison also.
12. Even after huge Capital Inflation cost of production is just $0.89 per mmbtu but is charging $4.20 that means delivered cost shall go up to $7 per mmbtu. He is shamelessly challenging contracts it committed to NTPC and RNRL.
13. Star News reported how Electricity Meters are rigged by Reliance companies to run 25% to 60% fast – doubling the electricity bills but was BLACKMAILED and similarly threatened by Reliance – telecast was delayed by a week and was Highest TRP Program in history of Television.
14. BRPL and BYPL fabricated theft case and realized over Rs.1000 crores directly and indirectly by not considering Load Factor in computing energy consumption that is 11% for Domestic Consumers. For example: - When theft case of Rs.5,00,000 was made out by BRPL actual bill amount shall less than Rs.55,000 – that will have much higher proportion of lower slab tariff and thus no case was made out.
