Did Anil Ambani play overseas investor?

Revelations from an ongoing case against two bankers of UBS in a London tribunal could prove potentially damaging to billionaire industrialist Anil Ambani, chief of the Anil Dhirubhai Ambani Group (ADAG). Mr. Ambani has been named as the ultimate owner of a Mauritius-based investment fund called Pleuri that was set up to invest in Indian stocks. As per law, it is illegal for Indian citizens and companies to invest in Indian shares through foreign institutional investors.

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