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CBI probing Anil Ambani in 2G case

The Central Bureau of Investigation (CBI) is investigating the role of Anil Ambani in a multi-billion dollar telecoms scandal that has rocked India's political and business elite, the Press Trust of India (PTI) news agency said on Thursday.

September 29, 2011 / 08:51 PM IST
 
 
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The Central Bureau of Investigation (CBI) is investigating the role of Anil Ambani in a multi-billion dollar telecoms scandal that has rocked India's political and business elite, the Press Trust of India (PTI) news agency said on Thursday.


The 52-year-old billionaire is the highest-profile company executive to be drawn into the investigation of whether lucrative radio spectrum and mobile phone licences were sold at below-market prices in return for kickbacks.


The scandal is the biggest of several corruption cases to emerge in Prime Minister Manmohan Singh's second term. It has damaged the government's credibility and thrown into the spotlight the behaviour of leading industrialists and politicians.


A lawyer for the CBI told the Supreme Court that Ambani himself was now under investigation, after he was questioned earlier this year by police, according to PTI.


A CBI spokeswoman said she could not confirm the investigation of Ambani, who controls No. 2 mobile carrier Reliance Communications as part of his Reliance ADA conglomerate.


Ambani denies wrongdoing in the telecoms case. A Reliance ADA spokesman declined to comment on Thursday.


Three of his executives are already in jail awaiting trial, accused of conspiring to set up a front company to gain valuable radio spectrum during the sale, which the Comptroller and Auditor General (CAG) said cost the government up to USD 39 billion in lost revenues.

One of the country's most recognisable figures, Ambani is a teetotal marathon runner listed by Forbes as India's eighth richest man.

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