Reliance Anil Dhirubhai Ambani Group chief Anil Ambani has sued his elder brother Mukesh Ambani and the New York Times newspaper in the Bombay High Court for defamation and is claiming Rs 10,000 crore (about $2.18 billion) in damages, according to Mumbai newspaper DNA.
Here’s an excerpt from the DNA story:
Anil has alleged that the comments attributed to Mukesh, chairman of the Reliance Industries Limited, in an NYT article published on June 15 were â€œfalse, defamatory, malicious and totally baselessâ€.
Sources in ADAG confirmed that the defamation suit was filed earlier this month and is likely to be heard in due course. One of Anilâ€™s lawyers, who requested anonymity, told DNA that his client had been libelled by certain allegations and statements in the NYT article written by Anand Giridharadas.
Here’s the link to the NYT article that allegedly defamed Anil Ambani.
Our perception has been that Anil Ambani is closer to the Wall Street Journal while Mukesh Ambani is cosy with the New York Times, which compared Mukesh to Mahatma Gandhi in the June 15 piece.
The two brothers have been at loggerheads since their father Dhirubhai Ambani’s death in July 2002.Â
Anil Ambani’s businesses focus on communications, movies,Â financial services,Â generation, transmission and distribution of power and infrastructure. Mukesh Ambani’s business empire spreads across petrochemicals, oil refineriesÂ and retail.
cute story of brotherly love. Guru part 2
Ambani Senior would be rolling in his grave (sad that most Indians are cremated).
Guru, the movie, was a piece of hagiographic crap.
As we wrote in our review 20 months ago:
Mani Ratnam’s Guru does an enormous disservice to Dhirubhai Ambani, a colorful buccaneer and one of the most larger than life figures of modern India….[The movie] fails to capture the essence of this extraordinary personality, the license-Raj times Ambani lived in, his role in creating an equity cult among the Indian middle class and his vicious fights with rivals….Dhirubhai Ambani’s rich, multi-layered story waits to be told on celluloid by a more competent cast of moviemakers.
These types of businesses mostly end up with splits. We have witnessed many companies being divided into separate groups and finally no one makes any good out of it. Only a few survive all the trials and come out successfully.
I think the greed and jealousy as the cause.