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Ambani- wadia feud

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Ambani- Wadia feud was a major feud between industrialists Dhirubhai Ambani of Reliance and Nusli Wadia of Wadia group.[1] It was also called Ambani- Nusli polyester war. It was a very important corporate battle consisting of murder assignments. Reliance executive Kirti Ambani was arrested for plotting to kill Nusli Wadia.[2] This feud changed India's politics forever.[3]

It is believed that the Rajiv Gandhi- V.P. Singh war was a by-product of the Wadia- Ambani feud.[4]

Background[edit]

The rivalry started with textile business of both the companies from 1970 to 1980. Wadia chose to produce dimethyl terephthalate (DMT) when Ambani chose purefied terephthalic acid (PTA). In retrospect, PTA turned out to be a more efficient intermediate than DMT in the manufacture of polyester.[5][6][7]

Ambani with his political connections allegedly persuaded government to increase duties of chemical used by the wadias and this was the starting point of the feud.[8]

According to the police, Kirti allegedly contacted Babaria for arranging the killing of a 'big businessman'. Babaria was a fixer with widespread contacts in Bombay's underworld. The contract, according to police sources, was worth Rs 50 lakh and Babaria was to be the go-between. Babaria apparently decided to use small-time killers. Babaria introduced 'Shanu', a young gangster involved in two murders, to Kirti as 'Shakeel', one of Dawood's well known hit-men. Babaria and 'Shanu' met Kirti several times at two hotels, Horizon and Palm Grove. The plan allegedly was to block Wadia's limousine with another car as he emerged from his bungalow in Prabhadevi and gun him down. Alternatively, Wadia was to be killed as he left his office at Ballard Pier, which is quite deserted at his usual departure time.[1]

Police say that the murder plot was far advanced. Two revolvers had been acquired and others hired for the job. 'Verma', a garage man from Babaria's area, was paid Rs 50,000 to buy the guns and drive the getaway car, while a second, unnamed gunman was hired for Rs 10,000. But the actual execution was delayed because they were looking for a third gunman.

The accused Reliance executive, Kirti Ambani has asserted his innocence. And the Ambanis contend the murder case has been cooked up by the political opponents and a muckraking newspaper chain in an attempt to ruin them and the prime minister. The Bombay police, however, insisted they had an airtight case. They said they possess tape-recorded conversations made during an undercover operation in which Kirti Ambani, the general manager for public relations at Reliance, allegedly discussed money and Wadia's murder with Arjun Waghji Babaria, a free-lance magician and musician described by some as a well-connected gangster and by others as a two-bit hustler with no history of serious crime. Moreover, the police said they have recovered from the alleged conspirators a diary containing details of textile magnate Wadia's movements, a sketch map of the route leading to Wadia's luxurious beach house with a spot marked for the assassination attempt and other incriminating evidence.

References[edit]

  1. 1.0 1.1 N, Raghu; August 31, an Dhar M. RAHMAN Prabhu Chawla; August 31, 1989 ISSUE DATE; October 30, 1989UPDATED; Ist, 2013 17:56. "Bombay Dyeing-Reliance feud: RIL executive arrested on charge of conspiring to kill Wadia". India Today. Retrieved 2020-02-10.
  2. "MURDER FOR HIRE, HIGH FINANCE AND A BIG DOSE OF FAMILY FEUD". Washington Post. 27/08/1989. Retrieved 10/02/2020. Unknown parameter |url-status= ignored (help); Check date values in: |access-date=, |date= (help)
  3. "Indira, Ambani and Rajiv: Ramnath Goenka's Battles with Giants". The Quint. 2016-10-05. Retrieved 2020-02-10.
  4. "Nusli Wadia". Vir Singhvi. Unknown parameter |url-status= ignored (help)
  5. "The Unhappy Prince: How Reliance Buried a Book". The Wire. Retrieved 2020-02-10.
  6. "Nusli Wadia explains his loss to Ambani in polyester war". Firstpost. Retrieved 2020-02-10.
  7. Piramal, Gita (2000-10-14). Business Maharajas. Penguin UK. ISBN 978-93-5118-739-4. Search this book on
  8. "Britannia and how the cookie crumbled". Business Insider. Retrieved 2020-02-13.


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