Airtel suspected of forex rule violation

NEW DELHI, INDIA: 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.

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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.