Relations With The Ambani Family
At one point in time, Goenka was close to both Dhirubhai Ambani and Nusli Wadia. On many occasions, Goenka tried to intervene between these two warring factions and bring an end to their enmity.
The Indian Express carried a series of articles against Reliance Industries and Ambani in which they claimed that Ambani was using unfair trade practices to maximise the profits. Rather than use his staff at The Indian Express to investigate the matter, Goenka assigned the task to his confidant and advisor, S. Gurumurthy. Stories were also contributed by journalist Maneck Davar, who was also independent of the newspaper.
The dispute ended when Ambani suffered a stroke. While he was recovering in San Diego, his sons, Mukesh Ambani and Anil Ambani, managed his affairs. The Indian Express had turned the guns against Reliance and was blaming the government for not doing enough to penalise Reliance Industries. The battle between Wadia, Goenka and the Ambanis took a new direction and became a national crisis.
Read more about this topic: Ramnath Goenka
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