May.04, 2010, 15:16 hrs IST

New Delhi: The government today informed the Rajya Sabha that it was not possible to provide a time-frame for completion of investigations into allegations of money laundering against Anil Dhirubhai Ambani Group (ADAG).

Minister of State for Finance S S Palanimanickam said in a written answer that the Directorate of Enforcement had received complaints against some companies of ADAG, alleging money laundering in connivance with Mauritius-based fund Pluri Emerging Companies and UBS Bank, London.

The Directorate is looking into the allegations for appropriate action, he said, adding, "It may, however, not be possible to indicate a time-frame for conclusion of inquiries/investigations as the same also depends on various factors including ...cooperation by other agencies both within and outside India."