RIL tumbles over 3% as police detains employee for espionage

MUMBAI: Shares of Reliance Industries witnessed selling pressure on Friday after Delhi police detained one of its employees over alleged leakage of classified oil ministry information. The company said that it has launched an internal probe.

According to an RIL official, the matter is under investigation as per law. The company is co-operating in every possible manner, he added.


“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.

The Delhi Police on Thursday claimed to have broken up a corporate espionage ring by arresting five persons — two lower level government employees, two former officials and a driver.

They are alleged to have obtained copies of documents from the ministry of petroleum and sold them to private companies in the petrochemical and energy sector.

"The government will thoroughly investigate the nature of documents being leaked and the people who may have benefited from it and take tough action against them," Petroleum and Natural Gas Minister Dharmendra Pradhan said.

The scrip settled the day 3.12 per cent lower at Rs 873.25. It touched an intraday low of Rs 872 during the trading session.