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Reliance trades kept in the spotlight

Anil Ambani is one of India’s most high profile and controversial businessmen. However, for UBS he was something much simpler: a “mega-client”. This was how a senior UBS banker referred to the billionaire in a 2007 memo to Sachin Karpe and Laila Karan, former employees on the Swiss bank’s “Asia II desk,” which managed the portfolios of various wealthy Indian families.

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