Anil files Rs 10,000 cr suit against Mukesh Ambani

Mumbai, September 24: : In another twist to the feud between the Ambani brothers, the younger sibling Anil's Group is understood to have filed a defamation suit for a whopping Rs 10,000 crore against elder Mukesh Ambani for remarks purported to have been made by him in an interview with the New York Times several weeks ago.

Mukesh Ambani-led RIL spokesperson declined to comment on any query related to this development, while the spokesperson for Anil Ambani's Group was inaccessible despite several attempts.

The defamation suit is believed to have been filed in the Bombay High Court about a month ago, but no details of about 200-page petition were not available immediately.

The case is understood to be based on an interview given by Mukesh Ambani to the leading American publication wherein the New York Times quoted him as saying that a network of lobbyists and spies were overseen by his brother before they split.

"What most distinguishes Reliance from its rivals is what Ambanis friends and associates describe as his 'intelligence agency' a network of lobbyists and spies in New Delhi who they say collect data about the vulnerabilities of the powerful, about the minutiae of bureaucrats' schedules, about the activities of their competitors," the New York Times had said.

Mukesh is purported to have said in the interview that all such activities were overseen by his brother before they split, and had since been expunged from his tranche of the company. "We de-mergered all of that," Mukesh was quoted as saying.

Sources close to ADAG said that in the petition it was claimed that the purported remarks were highly defamatory and without a base.

The two brothers have fought a bitter battle over the succession of Reliance empire in 2004 before they reached the settlement in 2005.

The settlement, however, had not brought peace between the two and the Mukesh and Anil camps feud with each other inside and outside the courts on different issues.

The bone of contention between the two brothers invariably had been on the family agreement and the same was manifested in the ongoing battle in the Mumbai High Court on the gas supply deal.

Anil Ambani, on Tuesday, had accused the elder brother Mukesh-led RIL of reneging the gas supply agreement, two days after Mukesh Ambani camp signalled that there would be no out of court settlement.

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Impact on India by Som Karamchetty, PHD on 2008-09-25 05:41:57.561864+05:30
When elephants go to war, it is the poor grass that suffers. It is important for the Indian government agencies that are responsible to oversee corporate governance to ensure that Indian stockholders, lenders, workers, and the economy do not get adversely impacted in this brotherly fight. The brothers may spend their own cash but not other people’s money. I hope good sense prevails.

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LITIGATION by BAJRANG BALI KE LAL on 2008-09-24 23:00:43.783421+05:30
This is equivalent $2.3 billion dollars what a joke these brothers washing their dirty LILEN limousines in public TO BECOME THE RICHEST BY HOOK OR CROOK. Please think what i have written in HINDI"paisse ke mai pahadh chadhhe". 'kwoan laiyejaayyega paissa saath uparrh swaragh ko' 'ANIL YAAH MUKESH?'LOOK LIKE THEY DON'T HAVE ANYTHING BETTER TO DO!REAL BROTHERS AT LITIGATIONIF THEY FORGIVE AND MERGE THEY WILL BE WORLD'S RICHESTZINDAGI PREM SEH JEENNAA HOHGGA NAFRAT SEH NAHI BHAICHAARRA SEH PREM SEH

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Anil files 10,000 crore defamation suit against Mukesh by Keshav Mathur on 2008-09-24 21:24:21.207529+05:30
In most cases, brothers don't see eye to eye with one another. Childhood jealousies manifest themselves in adult life in the most ugly ways. It turns nasty when the two happen to be in inter-dependent businesses, or worse, when the two are attempting to outdo the other. Ideologies, preferences or ambitions apart, it is an almost tragic spectacle to see the brothers fight their personal wars in the public domain. Neither is going to be the winner once the dust has settled. Neither seems to be the wiser, for now. If indeed their wars, fought shamelessly for the sake of "I-am-more-successful", then, let them fight unto death and let us enjoy the stupidity of the unfolding episodes which surely must be nauseating for their father in heaven. Another school of thought that suggests these unholy wars to be a nexus between them for amassing more wealth and fooling the shareholders, then, it is about time someone put an end to this ridiculous nonsense. Shame on you, Mukesh and Anil! Grow up!!

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