Reliance shares take a hit following Kejriwal''s allegations

November 01, 2012 13:51

Revelation made by anti-graft crusader Arvind Kejriwal of an alleged nexus between the ruling Congress Party, the main opposition Bharatiya Janata Party and Reliance Industries reduced the share price of the group by 1.25 percent on Thursday.

Kejriwal, whose group India Against Corruption (IAC) has won publicity in India by accusing ruling Congress party chief Sonia Gandhi''s son in law Robert Vadra of taking part in shady dealings, said on Wednesday that Reliance has profited from cosy relationships with a string of government ministers.

Those ministers favoured the company in its oil and gas ventures off the Andhra coast, Kejriwal told a crowded news conference in New Delhi on Wednesda

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