"(There is) no violation. It is as per the law of the land," Bharti Enterprises vice-chairman and managing director Rajan Bharti Mittal told PTI.
The Rs 455.8 crore (Rs 4.55 billion) investment by Wal-Mart in Cedar Support Services Ltd, a subsidiary of Bharti Ventures, had come under attack from CPI Rajya Sabha member M P Achuthan, who wrote to Prime Minister Manmohan Singh last month saying it was 'illegal' and flouted foreign direct investment rules.
He further said the government had also asked about it and the company has furnished details.
"We have given them (replies). . .We have given our submissions to the government," Mittal said when asked to comment on Department of Industrial Policy and Promotion referring the issue to Reserve
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