Mumbai, Dec. 6 -- Reliance Infrastructure Limited on Friday clarified recent reports regarding the provisional attachment of assets by the ED, amounting to Rs 10,117 crore, for alleged violations of the Prevention of Money Laundering Act (PMLA).
Of the total value cited, Rs 8,078 crore pertains to assets of Reliance Communications Limited, a company that ceased to be part of the Reliance Group in 2019, that is, for more than 6 years, Reliance Infrastructure Limited said in the release.
According to the company's release, Reliance Communications has been undergoing the Corporate Insolvency Resolution Process (CIRP) and is currently managed entirely by the Resolution Professional, under the supervision of the NCLT and its Committee of Cre...
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