The Reserve Bank has “not taken on record” the documents filed for investment of Rs 455 crore by Walmart into Bharti group firm Cedar Support Services and alleged FEMA violation in the matter which was referred to the Enforcement Directorate. “The form FC-GPR filed for issuance of the Compulsorily Convertible Debentures (CCD) has not been taken on record by the RBI to ensure that the CCD are FDI compliant instruments and for the purpose certain information has been called for from the company,” Minister of State for Commerce and Industry S Jagathrakshakan said in a written reply in the Rajya Sabha..........
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