Walmart: MP expresses concern over tardy progress in probe

CPI leader and Rajya Sabha member M P Achuthan today expressed concern over the tardy progress in the investigation into the 'illegal' investment by Walmart in the multi-brand retail sector with the help of the Bharti group.
In a letter to Prime Minister Manmohan Singh, he said the probe initiated by the Enforcement Directorate in September last into the issue was moving at a snail's pace.
The agency had begun the probe on the basis of a letter by Achuthan to the Prime Minister earlier.
In his fresh letter, Achuthan said the Directorate could have found out the truth about the FDI made by Walmart in two days as the company's own records and documents containing relevant information were available in the public domain.

The illegal investments to the tune of Rs 456 crore were made by Walmart in connivance with the Bharti group in a company named Cedar Support Services and made to believe that the investment was in the services sector, the letter said.
The investment in the services sector had been fully and directly diverted to Bharti Retail limited, the letter said.