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Thursday, March 6, 2008

@@@@ Shoking -----> Reliance Industries (RIL) Mukesh Ambani behind stock market Cccrrrrrraaaaassssshh CRASH
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After a well planned racket to trip the Reliance IPO using a combination of
court cases filed on the behalf of Investor grievances for a "media attacks"
and investment banks questioning valuations of the issue, Reliance
Industries(led by Mukesh Ambani) through its many arms "used" the stock
market to derail the prelisting and the post listing price of the Reliance
Power issue.

Using the cover of a global meltdown, starting January 14, Reliance
India tries setup a crack team of five key strategists for this horrible
market management operation. Run personally by top Reliance Industries Ltd.
top Excutive Manoj Modi, two treasury hotshots were sent to Mauritius to
coordinate the bear hammering on Reliance ADAG scrips in the run up to the
listing. Both Sanjay Punkhia ADAG and Gagan Chaturvedi acting in concert
with two other executives chief investment officer Ashish Kumar Chauhan and
Balakrishnan, vice president in the treasury department have wrecked havoc
on India's Stockmarkets and Reliance ADAG scrips in particular.

Some of them, actually operating out of beautiful Mauritius, ran the
operation along with some favourably inclined hedge funds, even as Manoj
Modi's daughetr was being wedded to Anand Jain's(JAICORP) http://www.jaicorpindia.com/ (a very close associate of
Mukesh Ambani) nephew in Mumbai on January 24. They had to miss the wedding,
since the synchronized market operation got top priority within the group,
Reliance Industries.

The core of the operation was to destabilize the Reliance Power listing on
February 11. Brokers like Shankar Sharma and his associates and CNBC TV 18
Stocks Editor Udayan Mikherjee were pressed into service to execute the
entire gameplan. With Udayan Mukherjee talking down the market in tandem
with Shankar Sharma (who has Once earlier been guilty of doing exactly the
same during the infamous Tehelka First Global scam) the bears ran riot to
scupper not just the listing, but the entire market in totality.

Since mid January, when the Sensex was hovering around 21,000, it has been
beaten down to 17,000, seeing a massive erosion in shareholder wealth. But
the most drastically hit are Reliance ADAG scrips - Reliance Communications,
Reliance Energy, Reliance Capital, Reliance Natural Resources and Adlabs.
While Reliance Communications has seen a 30 per cent hit, the other four
have practically been poleaxed, halved as they are from their mid January
tops.

What is perhaps even more surprising is that when the world's biggest
investment banks, domestic and even some stockmarket reporters in Economic
Times were involved in hammering the markets and Reliance Power in
particular. Even as listing was to get underway, a vicious campaign
orchrestrated by Ashish Kumar Chauhan and Samir Saran, another Reliance
Industries(Mukesh Ambani) executive was in play using the internet as a
domain. Saran, ostensibly based in London for the last six months is the
handler of media 'friendlies' and has been acting in connivance with Chauhan
in this operation.

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