Moily on Birla case: India should not become like Russia

“If all of us work in accordance with rule of law, if rule of law is implemented, we are all safe, investors are safe, people will be safe,” he said.

A joint venture company of Hindalco had received mining licenses for two coal blocks in Odisha in 2005.
The CBI on Tuesday said it plans to probe whether the company and its chairman were involved in a criminal conspiracy and irregularities.

Birla is the most prominent businessman to be named in the probe by CBI, which has triggered sharp reactions from the industry.

With an estimated wealth of USD 7.9 billion, Birla was ranked 150 on the Forbes list of world billionaires.