The Chief Financial Officer (CFO) of Reliance Industries Ltd, Alok Agarwal, reportedly told Mumbai Police on Saturday that he shared a pitcher of beer with lawyer Janhvi Gadkar not long before she crashed her Audi Q3 into a taxi on the Eastern Freeway, killing two people. Gadkar is an employee of RIL.
Agarwal recorded his statement on Saturday evening. Earlier in the day, RIL confirmed that its CFO had received summons from the Mumbai Police. It made the disclosure in a filing to the stock exchanges.
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“On Saturday we recorded his statement in the capacity of a witness and he has corroborated that the two visited the Irish House pub and shared a few drinks,” a senior police officer told The Indian Express. The police claim that after Gadkar left Hotel Marine Plaza around 10 pm, she walked on Marine Drive for around an hour. During this time, she spoke to Agarwal over the phone. She then drove to the pub at Kala Ghoda, where she met Agarwal.
Acording to police, Gadkar and Agarwal entered the pub a little after 11 pm. Before that, Gadkar had allegedly had six pegs of whisky with other colleagues at the Marine Plaza. They left around 12.30 am, and Gadkar started for home.
Stating that Agarwal had received summons to record his statement, the RIL filing said, “This is being disclosed to the stock exchanges as he (CFO) is a key managerial personnel.”
Under Sebi’s listing agreement, a company is required to disclose if it, or its key management personnel, become party to litigation, arbitration or dispute, or other events affecting the reputation of the company.