Ministers, India Inc raise concerns over FIR against Birla

Two union ministers today joined industry in expressing concerns over CBI naming reputed industrialist Kumar Mangalam Birla in coal scam case as both felt that it could hurt investor and business confidence.
Corporate Affairs Minister Sachin Pilot said such a development will dampen investment sentiment while Commerce and Industry Minister Anand Sharma termed it as unfortunate.
"While no one is above the law and wrong doers have to be brought to justice, we must ensure that such actions are based on hard facts and do not create an atmosphere of fear and uncertainty," Pilot told PTI.
"Recent incidents will certainly dampen business confidence and investment sentiment, both domestic and foreign; and perhaps also negatively affect decision making by bureaucrats and policy makers," he said.

Describing the development as "unfortunate", Anand Sharma said it could raise questions over investor confidence in the country.
In a veiled criticism of CBI, Sharma said the authorities should not "play to the gallery and create an environment of sensation and shock".
"So, the larger question which comes up is that whether we have an environment which is conducive to decision making and also which gives confidence to the investors and to the corporate world," Sharma said.