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Thursday, Oct 18
2012, 9:05 AM
Wal-Mart (WMT) is under investigation in India on claims it secretly funded supermarkets in the...
Wal-Mart (WMT) is under investigation in India on claims it secretly funded supermarkets in the nation, according to a FT report. The Reserve Bank of India has been asked to see if the retailer illegally invested close to $100M in a chain of convenience stores as early as 2010. The bigger issue: This type of two steps forward, one step back progress for Wal-Mart's ambitions in India has already been forecast by analysts seemingly in the know and could continue.