Enforcement Directorate searches are over, say Reliance Group firms
“RCOM is present process Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code, 2016, since over six years,” Reliance Infrastructure stated. File | Photo Credit: Reuters
Both the Anil Ambani-led group’s firms stated they, together with their officers, would proceed to totally cooperate with the ED. They stated that the stated motion had no affect on their enterprise operations.
RInfra stated, “Action by ED has no affect on the enterprise operations, monetary efficiency, shareholders, workers, or every other stakeholders of the corporate. The identical seems to pertain to allegations regarding transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL), that are over 10 years outdated. Reliance Infrastructure is a separate and impartial listed entity with no enterprise or monetary linkage to RCOM or RHFL.”
“RCOM is present process Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code, 2016, since over six years,” it stated.
RPower additionally stated the identical, including that the corporate continued to function in its regular course and that the stated motion had no affect on its enterprise operations.
The ED started looking a number of premises linked to the group on Thursday (July 24, 2025) over alleged cash laundering and monetary irregularities, working into crores of rupees, and the searches continued for the third day on Saturday (July 27, 2025).
Published – July 27, 2025 10:32 pm IST
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