Etisalat's Indian venture under investigation

India's Central Vigilance Commission looking into the legalities of Swan Telecom’s purchase of mobile licence

Tags: Emirates Telecommunications CorporationFraudIndiaSwan TelecomUnited Arab Emirates
1382 days ago
Syed Rizvi

Etisalat has committed a terrible mistake by taking 45% stake of Swan Telecom for $900million as the owners of swan telecom are big time crooks and the investigation will prove this.Some of the partners are having a strong nexus with famous criminals of Mumbai in which sum congress leaders and their siblings are involved.A reputable Co.like Etisalat whom we are proud of should do a complete investigation of the local market and look into the characters,reputations and background of the Board of Directors of any Co. before running into such a big risk.

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