This Article is From Feb 25, 2014

Reliance's statement denying charges by AAP against Mukesh Ambani

New Delhi: Reliance Industries Limited (RIL) today issued a statement denying allegations by Aam Aadmi Party chief Arvind Kejriwal that the company's chairman, Mukesh Ambani, holds illegitimate overseas accounts.

Following is the full text of the statement:

Neither Reliance Industries Limited nor Mr. Mukesh Ambani hold any illegitimate accounts  

Reliance Industries Limited strongly denies all allegations made by Aam Admi Party (AAP) against Reliance and Mr. Mukesh Ambani in their public meeting recently. As stated earlier it is being reiterated that neither Reliance Industries Limited nor Mr. Mukesh Ambani have or had any illegitimate accounts anywhere in the world. Reliance Industries Limited 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.  These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India. The continued tirade of baseless allegations being made by AAP against us appears to be instigated by vested interests. 
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