‘Net exposure of Rs 6,500 crore:’ Reliance Infra clarifies over ED action against Anil Ambani

The Reliance Group on Friday issued a clarification over the alleged diversion of Rs 10,000 crore to an undisclosed party, a matter that spurred the Enforcement Directorate to summon Anil Ambani on August 5.

Inviting the media’s attention, Reliance said, “The Company wishes to clarify regarding today’s media article pertaining to over 10 year old matter as regards alleged diversion of Rs 10,000 crore to an undisclosed related party, when the exposure as per the disclosures in the Company’s financial statements is only~Rs. 6,500 crore.”