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Bharti Airtel probed under money laundering; Stk falls-news16052012


Shares of Bharti Airtel dropped over 5%, touching the weekly low of Rs291.90, after the minister of state of finance said the company was facing investigation under India's money laundering and foreign exchange rules.


'It may not be in the interest of the ongoing investigations to provide any further details,' S.S. Palanimanickam told lawmakers in a written reply to a question.
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