Central Bureau of Investigations (CBI) has found that investments made by Wal-Mart Mauritius Limited in the retail sector through the FDI route violated RBI guidelines and FEMA regulations.
In a letter to CPI member in the Rajya Sabha M.P. Achuthan, V. N. Verma, SP, Economic Intelligence Unit of the CBI, said since these violations did not fall under the purview of the CBI, it could not investigate the matter. The CBI was, therefore, closing the complaint, he said.
Mr. Achuthan said, in a statement accompanied by a copy of the letter from the CBI official here on Friday, he had written to the Prime Minister in September, 2012, seeking an investigation into the matter. The Prime Minister had forwarded his letter to the RBI and Enforcement Directorate.
The matter was referred to the CBI, RBI, and Central Vigilance Commission when he wrote again to the Prime Minister in June this year, Mr. Achuthan said.
