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Neither RIL nor Mukesh Ambani hold any illegitimate accounts: RIL
Source: IRIS | 25 Feb, 2014, 06.47PM
Rating: NAN / 5 stars.
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Reliance Industries (RIL) strongly denies all allegations made by Aam Admi Party (AAP) against Reliance and Mukesh Ambani in their public meeting recently. 
 
As stated earlier, it is being reiterated that neither Reliance Industries nor Mukesh Ambani have or had any illegitimate accounts anywhere in the world.
 
''Reliance Industries has business interests in several countries with turnover of thousands of crores in rupees. As a part of their normal business, these international subsidiaries of Reliance Industries Limited deal with several global banks,'' said the company.
 
''These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India,'' it said.
 
''The continued tirade of baseless allegations being made by AAP against us appears to be instigated by vested interests,'' the company added.

Shares of the company declined Rs 2, or 0.25%, to settle at Rs 810.40. The total volume of shares traded was 160,983 at the BSE (Tuesday).

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