Reliance Infrastructure Ltd. has been issued a pre-cognizance notice by a Special CBI Court in New Delhi concerning a Rs 3,000 crore money laundering complaint filed by the Enforcement Directorate (ED).
The notice, issued under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023, stems from allegations made under Sections 3 and 4 of the Prevention of Money Laundering Act (PMLA). According to regulatory disclosures, the ED’s complaint is linked to the ongoing investigation into Reliance Home Finance Limited and other associated entities.
The development was officially disclosed by Reliance Infrastructure to the stock exchanges, fulfilling its obligations under Regulation 30 of the Securities and Exchange Board of India (SEBI) listing requirements.
Company Response and Next Steps
In its regulatory filing, the Anil Ambani-led firm stated that it is currently reviewing the legal notice. While the company maintained that the exact financial implications of the ED’s move are not ascertainable at this preliminary stage, it emphasized its commitment to protecting stakeholder interests.
“The company is evaluating the situation and will take all appropriate steps to safeguard its interests as advised by legal counsel,” Reliance Infrastructure noted in its statement.
The matter adds another layer of regulatory scrutiny to the Reliance ADA Group, as authorities continue to untangle the complex web of financial irregularities alleged in the Reliance Home Finance case. Further developments are expected as the company prepares its formal legal response to the Special CBI Court.