Shriram Properties Refutes Involvement in Alleged Bribery Case

Shriram Properties Ltd has denied any involvement in an alleged bribery case concerning a former Tamil Nadu minister. The company is addressing the matter legally, asserting that no directors or executives are implicated. The issue arose from a police FIR about a payment made for project planning permission in 2016.

Shriram Properties Ltd firmly refuted accusations of involvement in a bribery case linked to a former Tamil Nadu minister, citing legal advice.

The Bengaluru-based real estate developer is addressing the matter through legal channels following a police FIR over an alleged Rs 27.90 crore payment made in 2016.

The company stressed that neither its directors nor the business itself were connected to the alleged payment. Shriram Properties reaffirmed its commitment to fair practice and compliance.

(With inputs from agencies.)