Mexico City, Nov 27 (AP) Mexico's anti-monopoly commission has said it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe that appears to involve Wal-Mart's Mexican subsidiary.

While the Federal Economic Competition Commission did not identify its target, Wal-Mart de Mexico told investors earlier this week that it had been notified of an investigation involving the company in exactly those areas.

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It was not clear what the supposed practices involved, but as Mexico's largest retailer, Wal-Mart has significant leverage with suppliers.

The company said it has acted in accordance with Mexican laws and will defend itself. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)