News Analysis India

Tag: Anil Ambani

  • Anil Ambani’s wife Tina appears before ED in FEMA case

    By PTI

    MUMBAI: Tina Ambani, the wife of Reliance ADA Group Chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) here for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said.

    Anil Ambani recorded his statement in the case on Monday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the federal agency again later this week for completion of the exercise.

    The investigation against the couple pertains to the possession of certain alleged undisclosed assets abroad and the linked movement of funds, the sources said.

    Anil Ambani’s alleged links to some offshore companies based in Jersey, the British Virgin Islands and Cyprus are under the probe scanner of the ED.

    He had been questioned by the agency in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.

    In August last year, the income-tax department issued a notice to Anil Ambani under the anti-black money law for allegedly evading Rs 420 crore in taxes on undisclosed funds of more than Rs 814 crore held in two Swiss bank accounts.

    The Bombay High Court in March ordered an interim stay on this I-T show-cause notice and penalty demand.

    MUMBAI: Tina Ambani, the wife of Reliance ADA Group Chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) here for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said.

    Anil Ambani recorded his statement in the case on Monday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the federal agency again later this week for completion of the exercise.

    The investigation against the couple pertains to the possession of certain alleged undisclosed assets abroad and the linked movement of funds, the sources said.googletag.cmd.push(function() {googletag.display(‘div-gpt-ad-8052921-2’); });

    Anil Ambani’s alleged links to some offshore companies based in Jersey, the British Virgin Islands and Cyprus are under the probe scanner of the ED.

    He had been questioned by the agency in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.

    In August last year, the income-tax department issued a notice to Anil Ambani under the anti-black money law for allegedly evading Rs 420 crore in taxes on undisclosed funds of more than Rs 814 crore held in two Swiss bank accounts.

    The Bombay High Court in March ordered an interim stay on this I-T show-cause notice and penalty demand.

  • Jasmine Shah, AAP MP’s son among four sacked from board of Anil Ambani’s DISCOMS

    Express News Service

    NEW DELHI: Citing violation of constitutional provisions and causing loss to the state’s exchequer, Delhi Lieutenant Governor (L-G) VK Saxena on Friday ordered the removal of four private individuals, including Delhi Dialogue and Development Commission Chairman Jasmine Shah and son of Aam Aadmi Party MP ND Gupta, from the board of Industrialist Anil Ambani owned power DISCOMS—BSES Rajdhani and BSES Yamuna—and be replaced by senior government officers.

    The move was based on an inquiry report submitted by the power department and Delhi Chief Secretary where the four individuals have been accused of providing undue financial benefits to the DISCOMS which has led the Delhi government to a revenue loss to the tune of Rs 8,683 crore.

    The report, seen by the newspaper, has termed the appointments of private individuals as government directors “illegal” since due process of law was not followed during their nominations to the DISCOMS’ boards. According to the report, the AAP government appointed Shah, Gupta, Umesh Tyagi and JS Deswal to the board of BRPL and BYPL in 2019 despite multiple objections by previous L-Gs.

    According to the report, their nominations were objected to by former L-G Najeeb Jung in November 2016 when it was proposed by the city government. However, the AAP government again proposed their nominations which were also disapproved by Anil Baijal in August 2017. Baijal had also directed a Cabinet decision on the matter and sent it back to him in a file so that could invoke a difference of opinion under clause 4 of Article 239AA of the Constitution of India.

    However, the Cabinet went ahead of the decision of their appointment them instead without sending the file to Baijal, the report revealed.

    On the part of financial loss, the report revealed that the Shah and other directors facilitated a decision by the DISCOM Boards of unilaterally slashed interest rates charged on Late Payment SurCharge (LPSC), which the power companies owe to the government, from 18% to 12%. The action caused a loss of Rs 8,683.67 Cr to the government’s kitty.

    The report specifies that being a 49% shareholder at BRPL and BYPL, the Delhi government has empowered their nominees to the board to block any proposal using the veto right, which the members should have exercised.

    “It may be noted that the Delhi Govt. has 49% shares in these private DISCOMS and as per Article VI of the shareholder’s agreement, the government nominees on its Boards have the veto right to block any inappropriate proposal that is detrimental to the state finances. However, these private nominees instead of protecting the interests of GNCTD, acted in collusion with the private companies to serve the financial interests of DISCOMS,” the report mentioned. 

    NEW DELHI: Citing violation of constitutional provisions and causing loss to the state’s exchequer, Delhi Lieutenant Governor (L-G) VK Saxena on Friday ordered the removal of four private individuals, including Delhi Dialogue and Development Commission Chairman Jasmine Shah and son of Aam Aadmi Party MP ND Gupta, from the board of Industrialist Anil Ambani owned power DISCOMS—BSES Rajdhani and BSES Yamuna—and be replaced by senior government officers.

    The move was based on an inquiry report submitted by the power department and Delhi Chief Secretary where the four individuals have been accused of providing undue financial benefits to the DISCOMS which has led the Delhi government to a revenue loss to the tune of Rs 8,683 crore.

    The report, seen by the newspaper, has termed the appointments of private individuals as government directors “illegal” since due process of law was not followed during their nominations to the DISCOMS’ boards. According to the report, the AAP government appointed Shah, Gupta, Umesh Tyagi and JS Deswal to the board of BRPL and BYPL in 2019 despite multiple objections by previous L-Gs.

    According to the report, their nominations were objected to by former L-G Najeeb Jung in November 2016 when it was proposed by the city government. However, the AAP government again proposed their nominations which were also disapproved by Anil Baijal in August 2017. Baijal had also directed a Cabinet decision on the matter and sent it back to him in a file so that could invoke a difference of opinion under clause 4 of Article 239AA of the Constitution of India.

    However, the Cabinet went ahead of the decision of their appointment them instead without sending the file to Baijal, the report revealed.

    On the part of financial loss, the report revealed that the Shah and other directors facilitated a decision by the DISCOM Boards of unilaterally slashed interest rates charged on Late Payment SurCharge (LPSC), which the power companies owe to the government, from 18% to 12%. The action caused a loss of Rs 8,683.67 Cr to the government’s kitty.

    The report specifies that being a 49% shareholder at BRPL and BYPL, the Delhi government has empowered their nominees to the board to block any proposal using the veto right, which the members should have exercised.

    “It may be noted that the Delhi Govt. has 49% shares in these private DISCOMS and as per Article VI of the shareholder’s agreement, the government nominees on its Boards have the veto right to block any inappropriate proposal that is detrimental to the state finances. However, these private nominees instead of protecting the interests of GNCTD, acted in collusion with the private companies to serve the financial interests of DISCOMS,” the report mentioned. 

  • Centre announces probe into Pandora Papers as top businessmen, celebrities appear in list

    By Express News Service

    NEW DELHI: A day after the International Consortium of Investigative Journalists (ICIJ) reported that 380 Indians have undeclared offshore assets, the Centre on Monday announced a multi-agency probe led by the CBDT.

    “The government has taken note of these developments. The relevant investigative agencies would undertake an investigation in these cases and appropriate action would be taken in such cases as per law. The government will also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers,” the finance ministry said.

    On Sunday, the ICIJ involving had released a 2.94 terabyte data trove, based on 12 million leaked documents linked to wealthy elites from over 200 countries.

    The list, dubbed the Pandora Papers, contains top political leaders, industrialists, celebrities and sportspersons who have parked assets worth millions offshore to evade detection in their own country.

    The ICIJ list is based on confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low or no-tax jurisdictions.

    Two earlier investigations by the ICIJ,  Panama Papers and Paradise Papers resulted in the detection of Rs 20,352 crore as of September 2021, the finance ministry statement added. 

    Anil Ambani, Vinod Adani, Jackie Shroff, Kiran Mazumdar-Shaw, Niira Radia, Sachin Tendulkar and Satish Sharma are among the Indians who figure in the ‘Pandora Papers’ that comprise 11.9 million confidential documents from 14 separate legal and financial services firms.

    “The Government has taken note of these developments. The relevant investigative agencies would undertake an investigation in these cases and appropriate action would be taken in such cases as per law,” the Central Board of Direct Taxes (CBDT) said.

    With a view to ensure effective investigation in these cases, the government will also “proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers/entities.”

    The statement neither named any individual it would investigate nor gave a timeline for completing the probe.

    “The Government has directed today that, investigations in cases of Pandora Papers leaks will be monitored through the Multi Agency Group, headed by the Chairman, CBDT, having representatives from CBDT, ED, RBI and FIU,” it said.

    The Government of India, it said, is also part of an inter-governmental group that ensures collaboration and experience sharing to effectively address tax risks associated with such leaks.

    A couple of Indian names appearing in the papers have rejected allegations of financial misdoing.

    Biocon Executive Chairperson Kiran Mazumdar-Shaw said her husband’s offshore trust was bonafide and legitimate.

    “Media stories reporting on Pandora Papers wrongly implicate my husband’s offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories,” she tweeted.

    CBDT said the International Consortium of International Journalists (ICIJ) has come out with what is claimed to be a 2.

    94 terabyte data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.

    The investigation is based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low or no-tax jurisdictions.

    “It may be noted that following earlier similar such leaks in the form of ICIJ, HSBC, Panama Papers and Paradise Papers, the Government has already enacted the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 with an aim to curb black money, or undisclosed foreign assets and income by imposing suitable tax and penalty on such income,” the tax department said.

    Undisclosed credits of Rs 20,352 crore (as on September 15, 2021) have been detected in the investigations carried out in the Panama and Paradise Papers.

    Stating that the media outlets part of the ‘Pandora Papers’ investigation have carried names of “only a few Indians (legal entities as well as individuals)” so far, CBDT said even the ICIJ website (www.icij.org) has not yet released the names and other particulars of all the entities.

    The website of ICIJ suggests that information will be released in phases and structured data connected to the Pandora Papers investigation will be released only in the days to come on its Offshore Leaks Database, it added.

    Rights group Oxfam India has called for immediate action by authorities and abolishing tax havens following the expose of the ‘Pandora Papers’.

    “Tax havens cost governments around the world USD 427 billion each year. Developing countries are being hardest hit, proportionately. Corporations and the wealthiest individuals that use tax havens are out-competing those who don’t. Tax havens also help crime and corruption to flourish,” Oxfam India CEO Amitabh Behar said.

    Abolishing tax havens can go a long way towards ensuring that governments actually has the access to tax revenue they need to fund quality public expenditure, he added.

    Many of the people whose names have come out in the ‘Pandora Papers’ have rejected financial misdoings.

    Among others, Kiran Mazumdar-Shaw on Monday said her hubsand’s offshore trust was bonafide and legitimate.

    “Media stories reporting on Pandora Papers wrongly implicate my husband’s offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories,” Mazumdar-Shaw, the executive chairperson of biotechnology major Biocon, said in a tweet.

    The ICIJ involves at least 150 media outlets worldwide, including ‘The Indian Express’ in India and claims to have obtained as many as 12 million documents from 14 companies in offshore tax havens.

    “People linked by the secret documents to offshore assets include India’s cricket superstar Sachin Tendulkar, pop music diva Shakira, supermodel Claudia Schiffer and an Italian mobster known as ‘Lell the Fat One’,” ICIJ said in its report, which was first published on October 3.

    “Tendulkar’s attorney said the cricket player’s investment is legitimate and has been declared to tax authorities. Shakira’s attorney said the singer declared her companies, which the attorney said do not provide tax advantages. Schiffer’s representatives said the supermodel correctly pays her taxes in the UK, where she lives,” it noted.

    The ‘Pandora Papers’ have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories.

    On a world map highlighting the number of politicians linked with offshore dealings, India is shown as having six and Pakistan seven.

    According to ICIJ, its secret documents expose offshore dealings of the likes of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the Prime Minister of the Czech Republic and former British Prime Minister Tony Blair.

    The files also reveal the financial activities of Russian President Vladimir Putin’s “unofficial minister of propaganda” and more than 130 billionaires from Russia, the US, Turkey and other nations.

    (With PTI Inputs)

  • Abolish tax havens: Oxfam India on Pandora papers revelations

    By PTI

    NEW DELHI: Oxfam India called for immediately abolishing tax havens after a leak of millions of documents, dubbed the ‘Pandora Papers’, revealed offshore financial assets of wealthy individuals across 91 countries and territories, including India.

    The leaked documents and a worldwide journalistic partnership on Sunday claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials.

    The ‘Pandora Papers’ have named 300 Indians, including Sachin Tendulkar, Anil Ambani, Nirav Modi and Kiran Mazumdar-Shaw.

    Calling for abolishing tax havens, Amitabh Behar, CEO of Oxfam India, said this is another shocking exposé of the oceans of money sloshing around the darkness of the world’s tax havens that must prompt immediate action, as has long been promised.

    Whenever a politician or business leader claims there is ‘no money’ to pay for health, education, climate damage, innovation and for a fair post-COVID recovery, they know where to look, he said.

    “Tax havens cost governments around the world USD 427 billion each year. Developing countries are being hardest hit, proportionately. Corporations and the wealthiest individuals that use tax havens are outcompeting those who don’t. Tax havens also help crime and corruption to flourish,” he said.

    Behar said such tax havens continue to stretch global inequality to the breaking point while the world experiences the largest increase in extreme poverty in decades.

    “Abolishing tax havens can go a long way towards ensuring that government actually have the access to tax revenue they need to fund quality public expenditure, however at the same time governments must continue to spend more on social welfare and public services as a larger proportion of existing budget allocations to at least provide the bare minimum of services of health and education for all,” he said.

    Oxfam demanded ending tax secrecy on individuals, offshores and multinational corporations.

    “Set up a public register on the real owners of bank accounts, trusts, shell companies and assets. Require multinational corporations to publicly report their accounts where they do business, country-by-country. Increasing the use of automatic exchange, allowing revenue authorities access to information they need to track the money,” the Oxfam said in a statement.

    The International Consortium of Investigative Journalists (ICIJ), which involved the BBC and ‘The Guardian’ newspaper in the UK and ‘The Indian Express’ in India among 150 media outlets in its investigation, claims it obtained the trove of more than 11.

    9 million confidential files to find secret financial dealings of many super rich.

    The ‘Pandora Papers’ are a follow-up to a similar project released in 2016, called the ‘Panama Papers’ compiled by the same journalistic group.

  • Industrialist Anil Ambani among potential Pegasus spyware targets: Report

    The number for Dassault Aviation #39;s representative in India, Venkata Rao Posina, former Saab India head Inderjit Sial and Boeing India boss Pratyush Kumar also appear in the leaked database.

  • Editorial :- Rahul ko Javaab – Main Jhooth Nahin Bolata, Ham Bhaarat ke liye Kaam Karate Hain

    On the Rafael aircraft deal dispute, there has been a ruckus in the country from the road to Parliament and Supreme Court. Opposition, led by Congress president Rahul Gandhi, is accusing Modi government of corruption in this deal.

    Eric Trapier, CEO of Dortmouth Aviation, France’s company, responded to each and every question arising on the deal in a given interview given to the news agency Krrish. In this interview, he lied every allegation made by Rahul Gandhi.

    Eric Trapier said that whatever allegations are being made by Congress President Rahul Gandhi are absolutely baseless. He said that Rahul Gandhi has utterly lied about the joint venture between Dallas and Reliance. He said that whatever information has been given about the deal is absolutely correct, because they do not lie.

    Firoz Khan’s grandson Rahul Gandhi, his Nehru-Gandhi dynasty, several taxation gates in the UPA regime, and the bribe to be taken to bribe the brokerage taken in Bofors and to paint the Muslim proverb on the Congress party, multiplexes, Janaybhari Ram The devotee has embraced the form and in lieu of Rafael Deal, Hitler’s publicity minister Goebbels is going to lie on the lies of a clone. These types of allegations are being implemented by BJP and PM Modi in his speeches.

    Rahul Gandhi has become addicted to lying in front of lies and lies in front of a lie.

    Taking a dig at Congress President Rahul Gandhi’s claims, Prime Minister Narendra Modi has rightly said that his pim is stuck like a gramophone, due to which he is talking such childish and people make fun of his claims. Modi said that they do not understand that the time has changed, stop the public from being fooled. “These kind of childish things do not get hugged and people joke.”

    At this time, the addiction of being called Rahul Gandhi’s said habitual lie has made him the cause of embarrassment in the global stage. They keep on screaming Rafael-Raphael-Raphael every morning and night.

    Now Eric Trapier, chief executive officer (CEO) of Desault Aviation, has demolished the veil of Rahul Gandhi in his statement, ‘I do not lie. The truth I declared earlier and the statements made by me are true. I do not have the reputation of lying. In my situation as CEO, I do not lie ‘

    Yes, Dassault Aviation CEO considered Rahul Gandhi as a fictitious liar. Maybe Rahul Gandhi will take a long time to recover from this international embarrassment.

    Eric Trapier said that his firm does not work for a particular party, “we have a long experience with the Congress party. Our first deal was with India in 1953 with Nehru and other Prime Ministers. We are working with India. We are not working for any party. We are supplying strategic products like combatants from Indian Air Force (IAF) and Indian Government. This is the most important “.

    The summary is that Eric Trapier has made it clear that whatever allegations are being made by Congress President Rahul Gandhi are absolutely baseless. He said that Rahul Gandhi has utterly lied about the joint venture between Dallas and Reliance. He said that whatever information has been given about the deal is absolutely correct, because they do not lie.

    Which part of the offset-how much

    He clarified that 49% of Junk Venture is in Dallas and 51% in Reliance. There will be a total investment of Rs 800 crore, in which both companies will hold 50-50 shares. The CEO of Dallas said that we had 7 years to issue the offset, in which in the first 3 years we are not bound to tell the name of the offset partner. After that 40 per cent of the shares were given to 30 companies, out of which 10 per cent was given to Reliance.

    Clearing rumors of alleged scandal with Anil Ambani’s Reliance, Eric Trapier said, “We are not putting money in Reliance. Money is going in JV. I have Dassault’s engineers and workers who are leading the industrial part of this deal. Also, I have an Indian company like Reliance who is putting money in this JV because they want to develop their own country. Then the company will know how to prepare the aircraft. ‘

    Reliance is not involved in joint venture

    On the deal with Reliance in the Rafael deal, he said that the money we invested is not Reliance but rather joint venture. He said that Reliance has also invested money in this venture, our engineers will lead the industrial parts. This will also give Reliance the experience of making aircraft. Significantly, Congress President Rahul Gandhi had alleged that Dassault had given RIL 284 crore for help.

    Somewhere Rahul Gandhi had said that to make it a reality, repeat the lie thousands of times. But Rahul Gandhi also failed in this. If some still think that they can lead India as Prime Minister, then it is time to say that India is not a Freedom House of a Dynasty but the motherland of millions of hard working Indians.

  • Article :- Modi jee Janata ko Mitron aur Ambaanee ko Bhaee Kahate hain: Rahul Gandhi

    Congress President Rahul Gandhi, while targeting Prime Minister Narendra Modi, said that Modi is calling the people ‘friends’ and Anil Ambani as ‘Ambani Bhai’. Rahul also said that ‘Watchman’ Nirav Modi and Mehul Choksi are called Nivar Bhai and Mehul Bhai. Tell Rahul that Rahul is on a tour of Madhya Pradesh these days.

    Bhopal: Congress President Rahul Gandhi, at a rally in Morena, PM Narendra Modi fiercely targeted. He, while congratulating PM Modi, addressed the people as friends.
    While making the Mishikri of PM, he said, “Do not make me a PM, make me a watchman; first question is called the janitor’s public friends and Anil Ambani is called Anil Bhai, Mehulu tells vigilance, Neerav Modi is Mehul brother and Nirav Bhai. You ‘friends’
    Earlier, Congress President Rahul Gandhi on Tuesday condemned the BJP government of Madhya Pradesh saying that children are dying of malnutrition but the state BJP government is engaged in marketing its’ instead of worrying about the health of children.
    Addressing a rally, Rahul said, “Modiji said that friends do not make me the Prime Minister, make me a watchman. The watchman calls you friends but Anil Ambani is called Anil Bhai. He calls Nirvav Modi the neer Bhai and Mehul Choksi, Mehul Bhai. ”
    When Rahul Gandhi’s campaign for PM Modi’s campaign, ‘friends’ spoken to the public
    While making a Mishikri of the PM, Rahul said, “Do not make me a PM, make me a watchman; first question is called the janitor to friends, friends and Anil Ambani is called Anil Bhai”.

    While addressing the election rally in Shaipur’s fair ground, Gandhi said, “Children die here, malnutrition is here. The BJP government will not do anything about this. But just do your marketing. The details of the Chief Minister will take place. The photo will look around. But when the child dies here, the Chief Minister will do nothing. “It is noteworthy that Sheopur district of Madhya Pradesh is notorious for malnutrition in children.
    Rahul Gandhi said that there is a time for elections and there are two main problems facing Madhya Pradesh. Malnutrition is a problem of hunger. There is a problem of employment of farmers and youth. Here, for 15 years, the BJP Government has shown that it does not work for the youth or for the farmers.

  • Editorial :- Raaphel Deel Par Congress ke Jhooth ka Pardaaphaash .

    Rahul Gandhi and his Congress now have no confidence in themselves nor on voters of India.

    Now they have confidence, only on the foreign powers operating in anti-India activities in Pakistan, China and the enemy country of India.

    Rahul Gandhi thinks that the lie will be publicized again and people will understand it as true.

    Rahul Gandhi was born in Italy. There is also the effect of Italy in their blood. Rahul Gandhi’s maternal grandfather was in Mussolini’s party of Italy. Mussolini was a companion to Hitler. Hitler’s Propaganda Minister was Goebbels. So Rahul Gandhi is a clone of Goebbels.

    Rahul Gandhi himself said at the time of the Gujarat assembly elections that no leader of Congress should use abuses against Prime Minister Modi of India. In the same election, Mani Shankar Aiyar called the prime minister low, and Rahul Gandhi had suspended the Congress for a while and then withdrew it to show that seeing his own manhandling was going down.

    The question is, does Rahul Gandhi himself do the same type of objection, who will get him from the Congress? People can learn lessons at the time of their election.

    Rahul Gandhi’s media campaign chief Divya Pundanan is spreading a lot of false rumors to spread in the social media. He published a picture of Modi ji on Twitter and wrote the thief. After this, Rahul Gandhi removed Divya from the media campaign head on the advice of Jairam King to avoid criticism.

    Now the question arises that who will punish Rahul Gandhi by calling him a bad word while doing even more disgusting politics? Voters are those who can punish them.

    Rahul Gandhi is now corrupt and Prime Minister of Anil Ambani after the thief has called the prime minister. He did all this in his press conference on Thursday afternoon.

    Rahul Gandhi, at the time, walked on the behest of Pakistan and China, spreading false news in a French website that the 10th Aviation had no alternative but to compromise with Reliance Defense.

    This report was also published in Navbharat Times. Soon after and a few hours after Rahul Gandhi’s press conference, a news story was published in the Navbharat Times:

    Rafael Deal: The new quote after the website’s new disclosure, the choice of Reliance done by itself.

    Navbharat Times.com Scholarship: January 11, 2018, 09: 12

    It was said in the news that after the new disclosure of France’s Investigative website MediaPart in Rafael Deal, the response of French company Das has been revealed. The company, which gave the Rafael airline to India, while rejecting the report of the website, has said that he had chosen Reliance as a partner of Joint Venture himself. Let us tell you that in the new revelations, the French website has claimed that there was no other alternative than having a settlement with Reliance Defense.

    In his explanation on Wednesday, Dewan Aviation said that in order to comply with the Indian rules (defense procurement process) it had to make an offset contract of 50 percent. Das decided to build a joint venture for this. The company further said that Dewi Aviation has independently selected Reliance Group for this. On June 10, 2017, joint venture double Reliance Aerospace Limited (RC) was formed

    Follow-up of French Regulation

    Das has told that other partnerships have also been signed with companies such as BTSL, Prabhashastas, Kinetic, Mahindra, Ruddhbuddhb, Srunjashvaru. Apart from this, negotiations are going on with 100 other potential partners. The company has said that the French regulation has also been fully followed in this process. Under this, Chief Operating Officer Loik Segalan informed the Central Works Council on the formation of joint venture on May 11, 2017.

    In fact, the ruthless attempt to repeal the Rafael Deal on rumors, lies and propaganda is continuing and the international conspiracy has been started to give ‘Rahul Gandhi and Company’. This thing was strengthened when ABP News’s journalist Vikas Bhadauriya tweeted on September 28. He wrote, “Leaders of international arms companies, Amars dealers and two political parties are engaged in defaming the Modi government under international conspiracy to their advantage so that this government repeals the Rafael Deal.”