CBI to probe Vedanta head over PSU selloff

The CBI has registered a preliminary enquiry against Vedanta Group chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd during NDA regime. Allegedly, Sterlite Industries, part of Vedanta Resources, had picked up stake in HZL at an undervalued price resulting in losses running into hundreds of crores to the state exchequer.