The Bombay High Court recently issued a notice on a petition that sought an investigation into Reliance Industries Limited (RIL) and its chairman, Mukesh Ambani, for stealing natural gas worth over USD 1.55 billion from state-owned Oil and Natural Gas Corporation (ONGC), according to a report by LiveLaw. The petition was filed by Jitendra P Maru.

What's the case?

According to the petition, from 2004 to 2013-14, RIL drilled or extracted gas directly from ONGC's Northern Areas, which belonged to ONGC, in its KG-D6 petroleum blocks. The estimated value of such alleged activity is estimated to be over USD 1.55 billion (approximately Rs 13,000-14 crore), along with interest of approximately USD 174.9 million.

The petition sought registration of a criminal case against RIL and its directors f

See Full Page