An internal investigation was on to see if company officials had paid bribes to secure clearances and business advantage.
The CBI, in its letter, said the matter was "analysed" by the agency and it "revealed violations of RBI guidelines and FEMA regulations".
Bharti Retail has returned 17 properties, which it had leased to open Easyday stores, a possible fallout of the new found reluctance of ally Walmart.
It is not clear whether Raj Jain, who suddenly left Bharti Walmart after seven years at the helm, has agreed to appear before the US authorities if required.
BJP's virulent opposition to their entry has made them nervous, and they don't want to be caught in no-man's land if the party comes to power.
Sales in the first three days rose 20-40% from last year’s discount season for most brands as deep discounts brought consumers out in full force.
Tata's retail arm sees little value in mall stores, ends pact with PE firm Xander to be anchor tenant.
A 1977 US law that forbids American companies from bribing government officials in foreign nations has come under the spotlight in India
A host of iconic global brands are making sure they bring the exact same environment that they'd offer to a customer anywhere else in the world.
Like other such stores in Indonesia, Android Nation store will promote and sell Android smartphones and tablets across multiple brands.
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