Reliance says Aam Aadmi Party allegations 'factully incorrect'

March 12, 2014 16:11

Reliance Industries has refuted allegations by the Aam Aadmi Party that former oil ministers Mani Shankar Aiyar and S Jaipal Reddy were removed because they did not favour the company, saying the "malafide propaganda" was "factually incorrect."

Terming as "malafide propaganda" AAP's allegation that Aiyar had to go because he opposed RIL's move to raise KG-D6 capital expenditure 2.5 times, the company said Aiyar left the oil ministry in January 2006 while the revised USD 8.8 billion field development plan was submitted in October 2006.

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