An old joke about Reliance goes like this:
“There are two types of people in government-friends of Reliance and servants of Reliance”
The truth behind this joke has now become evident.
Along with Natwar Singh, Reliance Petroleum was named in the Volcker Report as a beneficiary of the oil-for-food scam.Yet it was let off scot free
When the Prime Minister Manmohan Singh was asked why,he replied “After all, what can I do? It is India’s largest corporate.” (source:Caravan)