Reliance Infrastructure Receives Pre-Cognizance Notice in PMLA Case
Reliance Infrastructure Limited has received a pre-cognizance notice following a complaint filed by the Enforcement Directorate (ED) concerning alleged financial improprieties involving the company and Reliance Home Finance Limited.The company is listed as one of the proposed accused in the ED complaint, which relates to Section 3 and 4 of the Prevention of Money Laundering Act (PMLA). The matter has been brought before a Special Judge of the CBI in New Delhi.
Reliance Infrastructure Limited confirmed that it received the pre-cognizance notice under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. The complaint filed by ED relates to an alleged amount of approximately Rs. 3000 crore and involves Reliance Home Finance Limited and other parties.
The company stated that it will take all necessary steps advised legally to safeguard its interests in this matter. At present, the financial implications stemming from the proceedings are not ascertainable.
RELINFRA Stock Price Movement
Shares of Reliance Infrastructure Limited shed 2.00% on Monday, closing at ₹65.78 following the previous day's market activity. The equity traded a total volume of 294,850 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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