No impact on Rel Infra & Rel Power, say cos

NEW DELHI: Reliance Infra and Reliance Power distanced themselves from ED action against Reliance Communications saying the entities had no business or financial linkages with the company facing money laundering probe.In identical statements, they also said Anil Ambani was not on their boards and actions by ED have "no bearing or impact on the governance, management, or operations" of the listed entities."The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old... RCOM is undergoing Corporate Insolvency Resolution Process as per the Insolvency & Bankruptcy Code, 2016 since over six years," R-Infra and R-Power said in stock exchange filings.