Reliance Entities Distanced from CBI Allegations
Reliance Power and Reliance Infrastructure assert that the CBI's charges against Anil Ambani do not affect their business operations. The charges involve alleged fraudulent transactions causing a significant loss to Yes Bank. Both companies stress their independence and unaffected financial and operational status.
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Reliance Power and Reliance Infrastructure have clarified that the recent actions by the Central Bureau of Investigation (CBI) involving Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL) do not impact their operations or financial health.
The CBI's chargesheet, aimed at Anil Ambani and associated entities, alleges fraudulent activity resulting in substantial financial losses for Yes Bank. However, Reliance Power and Reliance Infrastructure maintain their operations remain unaffected and stress their independence.
Both companies emphasize that past issues with RCFL and RHFL were resolved with new management, highlighting that these charges do not influence their current governance or financial performance. They note Anil Ambani has not been part of their boards for years.
(With inputs from agencies.)
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