Zero tolerance policy towards illegal acts: Essar

Days after one of its employees was arrested in the corporate espionage case, Essar Oil today said it is a law abiding corporate and had not authorised anybody to access stolen oil ministry documents.
"We have noted with concern that one of our employees has been arrested by the authorities. Essar Oil is a law abiding corporate following a zero tolerance policy towards acts which are against the law of the land," the company informed the stock exchanges after they sought a clarification on whether this case will have any impact on the company.
An Essar employee was among the five executives of top energy firms arrested for allegedly procuring stolen official documents.

"The company reiterates that neither it has directly nor has it authorised anybody to conduct any acts not in compliance with law," it said. "We will also launch an internal probe to investigate the matter and in the meanwhile are extending full cooperation to the authorities."
A similar clarification was sought from Reliance Industries as well but the company's reply was still awaited as per exchange filings.