Anil seeks separate report on Jain's links in IPCL
Wednesday, January 19 2005 17:58 Hrs (IST) - World Time - 
Mumbai:
On the eve of the Board meeting of Reliance group company IPCL (Indian Petrochemicals Corporation Limited), Anil Ambani has stepped up pressure against Anand Jain, a close associate of his elder brother Mukesh, by demanding an 'independent' report on Jain's business dealings with the company.
Spotlight: Battle of Ambanis
Anil, fighting a bitter battle with elder brother Mukesh on the ownership issues of the Reliance empire, wrote to two Government directors on the Board of erstwhile PSU, acquired by the Reliance group in 2002, charging that there was conflict of interest between Jain's business activities in IPCL and his position as Director.
Anil, who put in his papers as Vice Chairman of IPCL earlier this month saying it would be below his dignity to be on the same Board as Jain, suggested to the Government directors that an independent professional accounting firm should look into the matter and give its report to the Board.
Discuss this topic
IPCL Board, headed by Mukesh, would meet in Mumbai tomorrow (Jan 20, 2005) to consider Anil's resignation and other issues raised by him, including Jain's business dealings may also come up.
Government's two nominees on IPCL Board are G S Sadhu and Ramesh Singh.
Government sources confirmed the receipt of a letter written by Anil.
PTI
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