Reliance Group has distanced itself from Reliance Communications and Anil Ambani after the ED attached fresh assets as part of an alleged money laundering probe against Anil Ambani and his companies.
“The attached assets belong to Reliance Communications, which has not been a part of the Reliance Group since 2019,” a Reliance Group spokesperson said in a statement.
“Anil Ambani has also not served on the Board of Directors of either Reliance Infrastructure or Reliance Power for over three and a half years.”
Total assets attached
Earlier today, PTI reported that the Enforcement Directorate has attached fresh assets worth more than Rs 1,400 Anil Ambani and his companies, bringing the total value of assets attached in this case to about Rs 9,000 crore.
No impact of R-Power R-Infra
The spokesperson said that the Reliance Communications company has been undergoing the Corporate Insolvency Resolution Process for over six years, and it is presently managed by a Resolution Professional under the supervision of the NCLT / Committee of Creditors (CoC), led by the State Bank of India (SBI) and a consortium of banks/lenders.
“The attachment order has no material impact on the operations, performance, or future prospects of Reliance Infrastructure and Reliance Power. Both the companies continue to operate as usual, maintaining their focus on growth, operational excellence, and their commitment to all stakeholders” the spokesperson said.
