The Aam Aadmi Party on Thursday released a 2011 report Singapore High Commission had dispatched to the UPA government accusing Reliance group of companies of money-laundering to the tune of Rs 6,530 crores.
Releasing copies of the August 31, 2011, letter to the UPA government, AAP leader Prashant Bhushan alleged that the government sat over the report and did not order a probe against Reliance Industries Ltd chairman Mukesh Ambani.
The AAP politician-cum-senior advocate also charged that Petroleum Minister Veerappa Moily acted on behalf of Mukesh. “It is absolutely clear that Reliance is laundering its ill-gotten profits in India through Singapore (particularly from KG basin gas) and depositing the same into accounts of Mukesh Ambani,” Bhushan charged.
Exposing the cobweb of suspicious companies, the Singapore High Commission had stated that Rs 6,530 crores have come into India from Bio Metrix Marketing Ltd, a one-room company in Singapore that does not do any business. It was pointed out that this is a company with no assets, no equity and does not file an income tax returns in Singapore claiming to be a small company. Yet, the company contributed Rs 6,530 crores which is the single biggest FDI into the country from Singapore.
The High Commission had stated that all this money has gone to Reliance group of companies in India with the major chunk ( Rs 3,128 crore) going to Reliance Gas Transportation Infrastructure Ltd which is a company 100 per cent owned by Mukesh. Other three Reliance companies which received investments were Reliance Infrastructures, Reliance Ports and Reliance Utilities.
The investments were done over a period of one year starting from 2007. The High Commission also found in its investigation that major share holder of the Biometrix even did not exist on the address it had given.
“It is highly probable that the amounts may have been shown as the creditors/loans raised from Singapore or from other countries mostly tax havens to from a circuitous route,” the High Commission wrote.
