Tuesday, October 21, 2008

Criticism and allegations

Involvement in Notes-for-Vote scandal

Further information: Notes-for-Vote scandal and 2008 Lok Sabha Vote of Confidence

Prominent British think-tank Oxford Analytica quotes[3]:

"When four Marxist parties forced a confidence vote (held on July 22) by withdrawing their support over the issue of a nuclear energy deal with the US, Anil played an important role in securing the requisite backing to keep the government intact -- at a cost estimated at some three million dollars per vote," it added.

"Where the SP's rapprochement with the ruling Congress Party will leave Mukesh and the older Reliance Industries is now a matter of open conjecture."

Economic Times noted[4]:

Since July 7, when it became clear that Amar Singh, who is considered to be close to Anil Ambani, and his Samajwadi Party (SP) would support the government, the market capitalisation of Anil's holdings in six companies increased by 24% to Rs 1,41,415 crore. That means, he became richer by almost Rs 27,000 crore [~ USD 7 billion].

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