According to the agency, the searches were conducted on the basis of warrants issued on May 8 by a Special CBI Court in Mumbai. Investigators have reportedly seized several incriminating documents during the operation.
A group spokesperson stated that the attached assets belong to RCOM, which has not been part of the Reliance Group since 2019.
However, the Reliance Group issued a clarification on the attachment of assets, distancing itself from the Reliance Communications.
Reliance Group has strongly condemned what it termed as a “malicious and orchestrated campaign” by Cobrapost to defame the Group, its chairman Anil Ambani, and over 55 lakh shareholders of Reliance Infrastructure and Reliance Power.
Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA.
Ambani told the media that the debt servicing payments of over Rs 35,000 crore have necessarily had to be made almost entirely from asset monetisation and operational cash flows.
In its defamation suits, the company had stated that the defendants had made libellous and derogatory statements against the Reliance Group and its chairman Anil Ambani over the Rafale deal.
The other two directors who were found guilty by the court are Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani.
There are three aspects to the cases instituted by the Reliance Anil Ambani group against various media houses and individuals…
Provided that none of the entities chicken out, and matters are taken to their logical conclusion, the legal notices sent…
