Walmart is being investigated in India over accusations that it secretly invested in supermarkets and thereby flouted a ban on foreign direct investment in the sector.
The commerce ministry last week asked the Reserve Bank of India to probe allegations that the US retailer “clandestinely and illegally invested” $100m in an Indian chain of 220 convenience stores and hypermarkets as early as 2010, according to documents obtained by the Financial Times.
Source Article from http://ransquawk.com/headlines/according-to-the-financial-times-wal-mart-wmt-are-being-probed-in-india-over-investment-18-10-2012
According to the Financial Times Wal-Mart (WMT) are being probed in India over investment
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