It’s hardly news that Anil Ambani has a major D6 gas pricing dispute against his brother Mukesh awaiting judgement in
On January 14, Anil’s telecommunications company Reliance Infratel filed a Draft Red Herring Prospectus (DRHP) with the Indian stock market regulator, Securities and Exchange Board of India (SEBI), for its IPO. Seen by this report, the prospectus lists 1768 criminal, civil, taxation, consumer, anti-monopoly, labour and class action cases from across industry and the general public faced by Anil’s 11 telecommunications businesses. Most interesting are 17 criminal cases: four were filed by investors before the 2005 split of Reliance Industries, which Anil and Mukesh headed together before their acrimonious fallout.
Eight cases allege forgery and cheating by Anil’s Reliance Communications, and one ex-employee has even brought a case claiming his salary was ‘misappropriated’! Equally interesting are four election related cases, brought against Anil during his brief tenure as a Samajwadi (Socialist) Party MP in the Rajya Sabha (