FLASH NEWS
Crime

RIL shares dip as staffer detained in corporate espionage case

Friday, Feb 20, 2015,18:33 IST By metrovaartha A A A

Mumbai | Shares of Reliance Industries (RIL) today witnessed selling pressure, falling over three per cent, after Delhi Police yesterday had detained a RIL staffer in connection with alleged official document theft in the oil ministry. The stock went down by 3.23 per cent to Rs 872.20 in morning trade on the BSE.
At the NSE, it fell by 3.4 per cent to Rs 871.30. The scrip was the biggest loser among the bluechips on both Sensex and Nifty. Raids were conducted at several establishments, including a prominent building in Connaught Place in New Delhi, which houses offices of a leading private petroleum firm, believed to be RIL.
Yesterday, RIL had said it launched a robust internal probe into detention of one of its employees by Delhi police in connection with alleged official document theft in the oil ministry. It has been brought to our notice that one personnel has been detained by law-enforcement authorities.
We are unaware of more details. As per SOP, a robust internal probe is underway, a company official said. No information residing in the said ministry is of commercial consequence to us – we are in Arbitration and our only expectation is an expeditious resolution in line with our legal rights and contentions, he added.