The Enforcement Directorate is probing telecom service provider Bharti Airtel for money laundering, Parliament was informed Tuesday. Also Read - Your Window PC can now run Android apps
“Directorate of Enforcement is investigating cases under the provisions of Prevention of Money Laundering Act, 2002 and Foreign Exchange Management Act, 1999 involving Bharti Airtel,” S.S. Palanimanickam, Minister of State in the Ministry of Finance, said in a written reply in the Rajya Sabha.
The minister did not provide any further details saying it was not in the interest of the ongoing investigations. Also Read - How to upgrade from Windows 7/ Windows 8.1 to Windows 10 for free
When contacted by IANS for its response, a Bharti Airtel spokesperson said: “We have provided all relevant details asked for by the authorities in this matter and will be happy to cooperate further, should the need arise.” Also Read - Windows 11 launched: Top 5 features of Windows 11 which makes it better than Windows 10
The firm has operations across 20 countries in Asia and Africa. At the Bombay Stock Exchange, shares of the company closed 1.28 percent lower at Rs.303.50.