Reliance Industries strongly condemns and unequivocally refutes all the allegations with the contempt they deserve. The unsubstantiated, malicious and motivated reports are utter rubbish, without an iota of truth in them. That the news channels sensationalized a speculative story appearing on a little-known foreign website of dubious credentials, without crosschecking with us, betrays their mala fide intentions.

This is further evident from the sudden, pre-meditated, organized and well-coordinated attacks on RIL’s various installations and properties across the State that ensued within minutes of the first news broadcast. These orchestrated criminal acts have caused extensive damage to our properties. Worse, some of our personnel and valued customers have been injured in the mindless violence. All this has been done in cahoots with our business rivals.

Reliance Industries will proceed legally against TV5 for deliberately telecasting a false report, which has tarnished our reputation, harmed our customers, and caused us business losses. We demand that the Central and State governments conduct a thorough inquiry into the synchronized criminality of the news channel and the perpetrators of violence against Reliance Industries. The culprits must be brought to justice.

Reliance Industries is a law-abiding corporate citizen. We have cordial relations with all the stakeholders in the state, including leaders of all the political parties. We fondly recall our association with the late Chief Minister Dr. Y.S. Rajasekhara Reddy. Thanks to his active support, several of our business initiatives in Andhra Pradesh took off and RIL rapidly expanded its footprint across the State. Our significant investments in Andhra Pradesh have benefited both the State and the nation. Today we are one of the biggest private sector employers, providing direct and indirect employment to more than 10,000 people in the State.

We deeply regret inconvenience caused to our customers in the State following the disruption of our business activities. We sympathise with, and sincerely apologize to, our customers.

Contract Hire means taking a vehicle on leave on a rental basis for a longer period. It is prevalent in business circles where the necessity of vehicle is seasonal depending upon the commodity on which business is done. The vehicle may range from small tipper vans to heavy trucks. It is like contract car hire where car is given for hire for a particular journey for a period of time called personal car leasing. In the same way business people may need a transport vehicle to move their goods to various destinations. The system is more common in UK where there is a tendency to use contract hire for their business or service called business car leasing. The users are most small and medium level enterprises who are not afford to have a separate vehicle on account of cost. In the business point of view also paying rent for a leased vehicle is cheaper than owning a vehicle and maintaining it. There intermediaries like brokers who help their clients with cost effective leasing options. They charge a nominal amount as commission for their services. The lease may be with or without maintenance. Most leasing companies prefer all maintenance expenses to be taken care by the lessee excluding major expenses on engine etc.

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