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Monday, November 19, 2012

India probes Wal-Mart over investment.

India's Enforcement Directorate is reportedly investigating allegations that Wal-Mart (WMT)breached forex rules when it invested $100M via a convertible debenture in a unit owned by Bharti Enterprises, the U.S. company's partner in a wholesale joint venture. The probe could delay parliamentary discussions next week over the government's policy to allow foreign companies to enter India's retail sector

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