Reliance refutes AAP’s allegations
2 March 2014 11:17 PM GMT
Rejecting allegations of money laundering, Reliance Industries said that the investments made by Biometrix were from loans raised from the Singapore branch of ICICI Bank.
Circulating what it said were disbursement notices issued by Singapore Branch of ICICI Bank to Biometrix to cover the entire amount investment by the firm in Indian entities, RIL said ‘unacceptable controversy and disrepute’ has been inflicted on it by false and defamatory allegations.
In a statement, the company said AAP leaderPrashant Bhushan had made ‘false and baseless allegations’ against it in proceedings filed in November 2012 in the Delhi high court. ‘These allegations have been appropriately responded to and the disbursement notices of ICICI Bank have been placed on record,’ it said.
‘Reporting Bhushan’s selective leaks of old information already residing in judicial proceedings is misleading global public at large and defaming and maligning our corporate reputation’, the statement added.
Circulating what it said were disbursement notices issued by Singapore Branch of ICICI Bank to Biometrix to cover the entire amount investment by the firm in Indian entities, RIL said ‘unacceptable controversy and disrepute’ has been inflicted on it by false and defamatory allegations.
In a statement, the company said AAP leaderPrashant Bhushan had made ‘false and baseless allegations’ against it in proceedings filed in November 2012 in the Delhi high court. ‘These allegations have been appropriately responded to and the disbursement notices of ICICI Bank have been placed on record,’ it said.
‘Reporting Bhushan’s selective leaks of old information already residing in judicial proceedings is misleading global public at large and defaming and maligning our corporate reputation’, the statement added.
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