The Polyester Prince: The Rise of Dhirubhai Ambani by Hamish McDonald

Author:Hamish McDonald [McDonald, Hamish]
Language: eng
Format: epub, pdf
Publisher: Allen & Unwin Pty., Limited (Australia)
Published: 0100-12-31T18:30:00+00:00

Each of the second and third plants consisted of a polycon- densation unit and four spinning lines.

Bought new, each would cost about Rs 2 bil ion, and second-hand, about half that. 'Doesn't the

enforcement branch want to know where Reliance got the foreign exchange to pay for these?', asked

Gurumurthy, ,. . . or will they hide behind the principle of jurisprudence that was propounded by former

finance minister Mr Pranab Mukherjee on 16 November 1983 in the case of Reliance when he asserted

that "if under-invoicing took place, enforcement has already failed, and we could do nothing about it

later".'

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