Amid sharp speculation surrounding its alleged involvement in the Andhra Pradesh liquor scam, Allied Blenders and Distillers Ltd. (ABDL) has officially issued a clarification denying any wrongdoing or regulatory action.
In an exchange filing dated April 15, 2025, the company stated that it has not received any communication from banks or regulatory authorities regarding the freezing of its bank accounts. This follows media reports that linked ABDL to a ₹4,000 crore liquor scam under the previous YSRCP regime, claiming the Andhra Pradesh Special Investigation Team (SIT) had frozen the company’s accounts as part of the probe.
“The Company has not received any communication from banks or from any regulatory authorities or enforcement agencies regarding such action. Hence, this news is speculative and factually incorrect,” the company said in the filing.
ABDL reiterated that it conducts all its operations in full compliance with applicable laws and maintains strong corporate governance standards. The clarification aims to reassure stakeholders amid rising market speculation and to address the misleading nature of the reports circulating in the public domain.
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