Motilal Oswal Asset Management Company Limited (MOAMC), a subsidiary of Motilal Oswal Financial Services Limited (MOFSL), has released a statement addressing recent rumors circulating on social media. The company categorically denied the allegations, labeling them as baseless, malicious, and defamatory.
Key highlights from MOAMC’s statement:
- Legacy of trust and integrity: MOAMC, with over two decades of operations, emphasized its proven track record of adhering to ethical practices, compliance, and transparency in all dealings.
- Denial of allegations: The company denied claims regarding resignation, unethical practices, or other accusations, calling them blatant attempts to mislead the public and tarnish its reputation.
- Commitment to compliance: MOAMC reassured stakeholders of its absolute adherence to regulatory requirements and rigorous due diligence processes for all investment decisions.
- Focus on investor trust: The company reaffirmed its dedication to maintaining high ethical standards and aligning its interests with those of its investors.
MOAMC called on stakeholders to rely on credible sources of information and assured them that its operations continue as usual. It reiterated its commitment to protecting its reputation and safeguarding the trust placed in it by investors and the broader community.
