Anil Ambani’s Reliance Group Dismisses Cobrapost Report As Baseless Motivated Campaign

Mumbai: The Reliance Group on Thursday dismissed the Cobrapost report — which alleged that the Anil Ambani-led company had diverted funds to the tune of over Rs 41,900 crore — as “a malicious, baseless, and motivated campaign” being orchestrated by the news platform at the behest of the group’s corporate rivals.

The Reliance Group said in its rebuttal to the report that certain corporate rivals appear to be orchestrating this alleged exercise with the malicious intent to tarnish the reputation of Reliance Infrastructure Limited, Reliance Power Limited, Anil D. Ambani, and one of the largest family of over 55 lakh shareholders aimed at crashing the stock prices, and engineering panic in stock markets to acquire Reliance Group assets at rock bottom stock priced levels.

The Reliance Group d