Allegations of resignation, unethical behavior or rumors related to search are completely false.
A big news has come for the people investing in Motilal Oswal’s funds. Recently, Motilal Oswal Asset Management Company, which came into discussion on social media after allegations related to Kalyan Jewellers’ shares, has completely denied these claims. Motilal Oswal has called these allegations baseless, malicious and defamatory. The company has said that these allegations made on social media have been done deliberately to damage its reputation. This statement of the company has come in response to rumors spread on social media, in which it was claimed that asset managers of Motilal Oswal Asset Management Company (MOAMC) have been bribed to increase shares in Kalyan Jewellers.
Allegations of resignation, unethical behavior or rumors related to search are completely false.
“We categorically deny the baseless, malicious and defamatory allegations spread on social media against MOAMC and its officials,” the company said in the statement. These baseless allegations are a deliberate attempt by people with vested interests to malign the good reputation built over decades by our firm and leadership.” The company said that the allegations against it and its officials regarding resignations, unethical behavior or rumors related to the search are completely false and an attempt to mislead the people.
Complete confidence in systems, processes and fund managers
Motilal Oswal AMC said, “We urge people not to believe these baseless and unethical attempts to spread misinformation. We request all stakeholders to rely on reliable and verified sources of information. We assure our investors, distributors, shareholders and all other stakeholders that we adhere to the highest level of compliance standards and have full confidence in our systems, processes and fund managers.”
With PTI inputs
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