Singapore, 20 March 2013 – With reference to the court summons issued to Bharti Airtel Ltd. and its Chairman, Mr Sunil Bharti Mittal, we reiterate that we have full faith in the company’s corporate governance standards under the leadership of Mr Mittal.
The court summons are in relation to additional spectrum awarded in 2002 / 2003 as per the policy of the Indian Government. The Indian Government has in fact stated both on the floor of Parliament and by affidavit in the court that the spectrum allocated was as per their policies. Other relevant details can be found in the media statement from Bharti Airtel Ltd. dated 19 March 2013.
We are confident that Bharti Airtel Ltd. and Mr Mittal have always upheld and practised the highest standards of corporate governance in all aspects of the company’s operations, including the acquisition of spectrum. We trust that due legal process in India will prevail and are confident that Bharti Airtel Ltd. and Mr Mittal will be vindicated before the courts.