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Motilal Oswal denies accusations circulating on social media, calls them 'baseless'
The Statesman Siliguri
|January 20, 2025
Asset manager Motilal Oswal Asset Management Company (MOAMC) on Sunday denied accusations circulating on social media against the company and its officials, saying these "baseless accusations are a deliberate attempt by individuals with vested interests to malign the good reputation that our firm and leadership have built over decades".
Responding to rumours on social media that claimed MOAMC money managers may have been bribed to stock up on Kalyan Jewellers, the financial services major categorically denied "the baseless, malicious, and defamatory allegations".
"Such baseless attacks on our integrity are completely unacceptable to us. Motilal Oswal Financial Services (MOFSL) has a legacy of nearly four decades of working with ethical practices and transparency," said the asset manager.
This story is from the January 20, 2025 edition of The Statesman Siliguri.
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