In a late night statement, the Rhiti Group said that the aspects mentioned in the forensic report were "devoid of proper information or relevant documents".
"The company has been in possession of all information and relevant documents that can establish the clean image and prove that the points made in the report are baseless. However, since the report has been furnished by the Hon'ble Supreme Court, the company wishes to clarify on these issues that shed negative light on it," the statement said.
Contending that it has been an endorsement agency for world class talent and was retained by Amrapali Group "due to its fair and transparent business dealings", the company said that the "question of siphoning funds does not arise because Rhiti provided all professional services as per the agreements and the then pre-agreed endorsement fee received from Amrapali was paid to relevant endorsers".
It noted that it also had claims of approximately Rs 40 crore against Amrapali group and for recovering this sum, it had moved both the Supreme Court and the Delhi High Court and that these "proceedings were instituted before the forensic auditors were even appointed by the Supreme Court".
Rhiti Group also said that it had cooperated during the forensic audit and furnished all required information and documents.
"Neither the transactions nor the company is 'sham' and hence the aspects mentioned are baseless and without real facts. We are currently seeking legal advice and in process of perusing the final judgment," it said.
( With inputs from IANS )