investments by Mukesh Dhirubhai Ambani

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<strong>investments by Mukesh Dhirubhai Ambani
Please see the details of investments by Mukesh Dhirubhai Ambani in
last three years and particulars and details of each investments can
be spplied by: milap_c...@yahoo.com on request.
The financial irregularities in Satyam Computer Services Limited, due
to which investor's confidence has been badly shaken, will pale into
insignificance in contrast to the scale of irregularities perpetuated
in Reliance Industries Limited (RIL), India's largest private sector
company.
RIL's Chairman and Managing Director, Mr. Mukesh Ambani, richest
Indian in the world today, has invested about Rs. 570 billion (USD 12
billion), that too over a span of only two years, resulting in
increase in his personal shareholding to 51%. Over the last 2 years,
Mr. Mukesh Ambani has increased his shareholding in RIL by: v
Purchase of 410 million RIL shares from various unrelated entities for
Rs. 328 billion (USD 7 billion); v Purchase of 60 million RIL shares
through stock exchanges for Rs. 50 billion (USD 1 billion); and v
Acquisition of 120 million RIL shares through preferential allotment
for Rs. 170 billion (USD 4 billion).
Apart from above, Mr. Mukesh Ambani has also invested in: v Reliance
Gas Transportation Infrastructure Limited - Rs. 7 billion i.e.
USD 150 million; v Reliance Life Sciences Private Limited - Rs. 15
billion i.e. USD 300 million; and v Reliance Petroleum Limited - Rs.
4.5 billion i.e. USD 100 million. Thus, Mr. Mukesh Ambani has in last
2 years invested an astonishing sum of Rs. 570 billion (USD 12
billion), while Mr. Ambani has received only Rs. 500 million (USD 11
million) as salary and commission from RIL, and dividend of Rs. 750
million (USD 16 million) from his shareholding in RIL in past 2
years.
As required by Indian regulations, the above purchase of RIL shares by
Mr. Ambani has been fully disclosed to Indian stock exchanges and is
publicly available; the copies of the disclosures can be spplied by
milap_c...@yahoo.com on reqest. Further it is interesting to note
that Mr. Mukesh Ambani has not sold any of his equity holding in RIL,
as there is no disclosure to SEBI and stock exchanges, in fact it has
only increased.
*The fundamental question therefore is how Mr. Mukesh Ambani has
financed his investments of over Rs. 570 billion (USD 12 billion)
without having any publicly-known source of income.*
Insiders know that all these funds have been illegally siphoned off
from RIL, through a complex maze of private companies, and he has used
these siphoned funds to acquire RIL shares and to meet his other
investment commitments. If this is not the case where has the money
come from?
The above fraud of gargantuan proportions will be revealed and
unraveled soon! It is understood that Indian governmental agencies are
aware of these transactions and it is only a matter of time that
formal investigations will commence. A former Indian defense minister,
and leader of one of the India's prominent political party, has
written to the Prime Minister and urged him to direct investigations
into the affairs of Mr. Mukesh Ambani and RIL</strong>