Interests in conflict

The Central Bureau of Investigation on Tuesday raided, and registered a first information report against, two Congress politicians. They are Naveen Jindal, who owns Jindal Steel and Power Ltd (JSPL) and is a member of the Lok Sabha; and the Andhra film maker-turned-Rajya Sabha member Dasari Narayana Rao, once minister of state for coal. Essentially, a company in Mr Jindal's group is alleged to have bought, through an intermediary company, shares in Mr Rao's Saubhagya Media at prices more than three times the market rate.

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