Have always thought that the following building was ugly.
It may be the world’s priciest private residence owned by the world’s fifth richest man and it may have started when Mrs. Nita Ambani was relaxing at a spa at the Mandarin Hotel, New York, and when the Asian interiors struck her, she inquired about the designer.
But now we know for sure that this building shall stand as the ugliest image of corruption in India. It was indeed at the cost of millions of Indians who have been enduring the vagaries and the blatant disregard of a few, who managed to be at the helm of this business of corruption.
Source: www.panoramio.com by joelnewell
And sadly, those who suffer shall continue to do so for many more years to come.
The Comptroller and Auditor General (CAG) of India has come down hard on Mukesh Ambani-controlled Reliance Industries Limited (RIL), suggesting the company grossly overstated its development costs in India's largest gas field, possibly causing "significant" financial losses to the exchequer.
As the production-sharing contract involves profit-sharing with the government, a higher capital expenditure results in the profit being lower for the government than it would be otherwise, which the CAG has explained in its 200-page June 7 report to the petroleum ministry.
The CAG report has revealed severe irregularities and violations on part of private operators and government departments and ministries.
And while reading certain news, one is made to believe that these super rich are magnanimous/benevolent since they are investing their “hard earned” money in India.
Ambani Invests $16.9 Billion In The Heart Of India
But then life shall go on and one should only wait for the next increase in fuel price. One can also wait for the other brother to come up with his idea of a home.
Barely weeks after Mukesh Ambani moved out of Sea Wind, the family’s joint home, into his own 27-story tower that has been billed as the world’s most expensive private residence, comes the news that younger brother Anil is planning to construct his own palace in the sky.Source: Forbes.com