Piramal Group refutes allegations of deal with Piyush Goyal

Mumbai/New Delhi, April 29: Reacting strongly to a story done by a media website that said Coal and Railways Minister Piyush Goyal, in an 'undisclosed business deal", sold the entire stock of a privately held company he and his wife owned at nearly 1,000 times the face value, to a group firm owned by Ajay Piramal, the Piramal Group on Saturday said the allegations are "factually inaccurate and libelous".

"The Piramal Group strongly refutes the false allegations made by The Wire in their factually inaccurate and libelous story dated April 28," a company statement said.

"The malicious news article published on The Wire is libelous and is an attack on the reputation of the Piramal Group, which is contemplating immediate and appropriate measures, including defamatory action, against the online media entity and the individual(s) concerned," the company said.