Mukesh meets PM; Meswani talks to FM official
Wednesday, May 4 2005 20:29 Hrs (IST) - World Time - 
New Delhi:
Reliance Industries Ltd chairman and managing director Mukesh Ambani today (May 4, 2005) met Prime Minister Manmohan Singh and one of his top lieutenant held discussions with Finance Ministry officials, a day after younger Ambani sibling Anil made serious allegations in the ongoing battle for control of the Reliance empire.
Mukesh, who flew in from Mumbai earlier in the day along with RIL executive director and cousin Nikhil Meswani, met Singh at his residence but company officials were not available for comments on the nature of discussion.
Spotlight: Battle of Ambanis
Almost around the same time Meswani met U K Sinha, Joint Secretary handling Capital Markets in the Finance Ministry. The discussions presumably covered issues like Corporate Governance that have been publicly raised by RIL vice-chairman and managing director Anil, who is engaged in bitter spat with his elder brother Mukesh over the control of the mega group.
After an hour-long meeting, Meswani refused to answer questions from waiting mediapersons.
Discuss this topic
Anil's spokesperson had accused Meswani yesterday of being involved in "false briefing" in violation of SEBI's insider trading regulations and "fraudulent trade practice regulation" and had sought "strong regulatory action" to protect interests of Reliance shareholders.
The allegations were strongly refuted as baseless by RIL, which is chaired by Mukesh.
The public wrangling between the Ambani brothers which has intensified in the past two weeks appears to have impacted the delicate negotiations to settle the ownership issues.
PTI
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