Bharti suspected of forex rule violation: ministry | india | Hindustan Times
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Bharti suspected of forex rule violation: ministry

India's Directorate of Enforcement is investigating the country's top mobile phone carrier Bharti Airtel for suspected violations of foreign exchange rules, a junior finance minister said today.

india Updated: Aug 16, 2011 15:39 IST
New Delhi

India's Directorate of Enforcement is investigating the country's top mobile phone carrier Bharti Airtel for suspected violations of foreign exchange rules, a junior finance minister said on Tuesday.

Namo Narain Meena also told lawmakers in a statement the country's capital markets regulator had received complaints alleging that a shareholding increase by the founders of the mobile carrier had violated rules.

A Bharti Airtel spokesman could not comment immediately.