4. It is further pointed out that the 10th respondent, who is the son of the 8th and 9th respondents, has passed intermediate examination conducted in State of Andhra Pradesh and he was regarded as an average student, judged by the percentage of marks secured by him at the Intermediate examination. But however, he proceeded to study his Bachelors Degree Course from the prestigious Carnegie Mellon University in United States of America between 1997-2000 and thereafter prosecuted to study his Masters Degree between 2000-2002 from yet another prestigious University, Stanford University in the United States of America. Since these two prestigious Universities could not have enrolled the 10threspondent, in normal circumstances, huge funds have been donated to those Universities by unknown Indian sources and that during the six years of his prosecution of education in United States of America, the 10th respondent could have easily spent educational and living expenses amounting to USD 2,40,000 but no where the 8th or the 9th or the 10th respondents have reflected in their statements of accounts filed with the Income Tax Department as to where from these funds have been generated. It is further stated that, the 10th respondent has acquired land in Nindali Village in Nellore District and also near cities like Bangalore and Mumbai which when conservatively valued will be worth Rs.100 Crores. The 10th respondent has no known sources of income for that kind of investment.
5. It was further alleged that the enormous natural gas wealth was struck in Krishna-Godavari Basin, considered forty times richer than the one that was struck at Bombay High Basin. But however, the 8th respondent has not taken any measures to protect the interest of the State of Andhra Pradesh and instead has used the 11th respondent, as his conduit for generating wealth for himself and for the 11th respondent and in that process, the advice tendered by high ranking officials has been simply ignored by the 8threspondent and the prestigious Reliance Industries who have been granted the exploration rights, had ultimately helped itself to a whooping amounts of wealth and as a quid pro quo helped, quite illegally, the 8th and 11th respondents to amass wealth.
It is stated that, the 12th respondent, one of the companies run by the 11th respondent was in need of Rs.2,600 Crores of money for repaying and disbursing to various depositors of the said company and that two of the associates of Sri Mukesh Ambani of the Reliance company have floated six companies in quick succession one after the other between December 2007 to January 2008 with the same address at Worli, Mumbai where a Reliance top industrial house has its registered/corporate office and the said industrial house diverted Rs.2,604 Crores belonging to the said company in favour of the aforementioned companies and two of those newly established companies namely Equator Trading Enterprises Limited and Anu Trading entered into an agreement with the 11th and 12th respondents and diverted the whole of Rs.2,604 Crores to the 11th respondent in the name of acquiring shares of the 12th respondent, one of the companies belonging to the 11threspondent, which had posted a loss of Rs.59.19 Crores. But the aforementioned two companies have picked up the Rs.100/- worth shares of the loss making company of the 11th respondent by paying a premium of Rs.5,28,630/- per share, leaving one and all stunned by the astronomical premium paid to the share of a loss making entity.
There were gross financial irregularities and illegalities committed by the 11threspondent and that there is a tacit understanding between the 8th and 11th respondents in this regard which, deserves to be investigated thoroughly. The petitioner has also traced out several other acts of favoritism shown by the 8th respondent towards respondents 13 to 20, apart from describing as to how money laundering was carried on by respondents 8 to 20. More
