RIC denies charges of Mahajan link

RIC denies charges of Mahajan link

Tuesday, 15 February , 2005, 08:26

Mumbai: Reliance Infocomm (RIC) today said that allegations of a `Mahajan link' in investments in the company are totally fictitious.

"This transaction has nothing to do with Pramod Mahajan and any insinuation to the contrary is totally mischievous and motivated," a statement from the company said.

Mahajan was Union Minister for Information Technology and Telecommunications in the previous government.

The statement said: "RIC clarifies that no politician or bureaucrat at any moment of time, has held or holds any shares of RIC.

"The (propaganda) campaign (against Reliance) has now been re-orchestrated with the sinister objective of misleading the decision-makers, Government organisations and political parties. With this goal, articles and commentaries have been published which aim to associate Mahajan with an ordinary business transaction of Reliance Infocomm Ltd with its business associate. The fiction relating to the alleged `Mahajan link' is nothing but one of the several attempts to achieve the hidden agenda of these forces."

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