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This Article is From Feb 25, 2014

Reliance refutes Aam Aadmi Party's allegations against company, Mukesh Ambani

Reliance refutes Aam Aadmi Party's allegations against company, Mukesh Ambani
File photo of RIL Chairman Mukesh Ambani
New Delhi: Reliance Industries Limited (RIL) today strongly refuted allegations made by the Aam Aadmi Party's Arvind Kejriwal, saying neither the company nor its Chairman Mukesh Ambani holds any illegitimate accounts anywhere in the world.

Mr Kejriwal, who was Delhi's Chief Minister for 49 days, had at a recent election rally in Rohtak, Haryana, read out numbers of what he alleged were two Swiss bank accounts belonging to Mukesh Ambani and his younger brother Anil.

"RIL strongly denies all allegations made by AAP against Reliance and Mr Mukesh Ambani in their public meeting recently," the company said in a statement. (Full text of Reliance's statement)

"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," it said.

The company said it has business interests in several countries with turnover of thousands of crores of rupees.

"As a part of their normal business, these international subsidiaries of RIL deal with several global banks. These accounts are fully compliant with all regulations and are disclosed in their appropriate jurisdictions and in India," the statement said.

RIL also said, "The continued tirade of baseless allegations being made by AAP against us appears to be instigated by vested interests."

Days before quitting as Delhi Chief Minister, Mr Kejriwal had ordered FIRs to be registered against RIL, Mukesh Ambani, Oil Minister M Veerappa Moily among others alleging that they had conspired to create an artificial shortage of natural gas in the country to raise prices.