India billionaire watch: So, is Anil Ambani under CBI investigation or not?
Anil Ambani, chairman of Reliance Anil Dhirubhai Ambani Group, addresses a press conference in Mumbai on January 16, 2011. Reports that the Central Bureau of Investigation had given the Indian billionaire a “clean chit” in the so-called 2G telecom spectrum scam were greatly exaggerated, the CBI said Monday.
Think you missed your chance to snap up some cheap Reliance Anil Dhirubhai Ambani Group (ADAG) stock while the Big Man was under the Central Bureau of Investigation lens? Think again.
Turns out the stories that the CBI had given Anil a "clean chit" in the so-called 2G telecom spectrum scam were a bit premature, a spokesman for the agency told India Today.
Guess it will take a few more days for the old boys' network to snap into place. Meantime, call your broker.