Mukesh Ambani-owned Reliance Industries Limited (RIL) on Wednesday termed the allegations and statements made by India Against Corruption (IAC) devoid of any truth or substance whatsoever and denied them.

In a statement issued here, RIL said the deep water exploration project in the KG-D6 basin had deployed the best technical resources and was recognised by the oil and gas industry as one of the very best in its class. This project added great economic value to the country and by all accounts was a project of which India can be justly proud. “Irresponsible allegations made by 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 statement concluded.

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