Reliance denies IAC allegations

October 31, 2012 | Business | Written by

Mumbai, Oct 31,: Reliance Industries Limited (RIL) Wednesday denied allegations made by India Against Corruption, terming them as “devoid of any truth or substance whatsoever”, and made at the behest of vested interests.

“The deep water exploration project in the KG-D6 basin has deployed the best technical resources and has been recognised by the oil and gas industry as one of the very best in its class,” a spokesman for the company said here.

This project has added great economic value to the country and by all accounts is a project of which India can be justly proud, the spokesman added.

“Irresponsible allegations made by the IAC at the behest of vested interests without basic understanding of the complexities of a project of this nature do not merit a response,” the RIL official concluded.

IANS