Anil Ambani’s Reliance Group issues clarification amidst corporate espionage scandal

Controversy-ridden Reliance Group, which is currently embroiled in the corporate espionage scandal, has clarified that none of the properties of the group has been raided by the police authorities.

“No search or raid has been conducted by police authorities at any office of the Reliance Group anywhere in India. The work station of only one specific Reliance Power employee was searched and no incriminating material of any kind was found,” the company said in a letter to the National Stock Exchange dated February 23, 2015.

It added, “We are not aware of the circumstances leading to the arrest of that employee and Reliance Power is fully cooperating with the authorities. We are committed to propriety in all our business dealings and do not support unlawful activities of any nature.”

It should be noted that a Reliance ADAG employee Rishi Anand, who serves as deputy general manager at the company was arrested by the Delhi Police on February 21 along with four other officials of energy companies that included Jubilant Energy, RIL, Cairn India and Essar.