Walmart corruption charges being probed: Anand Sharma
Onboard Air India One, Nov 18 (ANI)
Union Commerce and Industry Minister Anand Sharma on Sunday said that allegations of corruption by the U.S.-based global retail chain Walmart are being probed.
Interacting with Indian media onboard the Prime Minister's special aircraft while it was en route to Cambodian capital Phnom Penh, where the 10th ASEAN Summit and the 7th East Asia Summit is being held from Monday, Sharma said: "Allegations are allegations... In a rule based country, there are agencies and authorities to look into such things."
Walmart has disclosed that it is investigating allegations of corrupt practices and alleged violations of US anti-bribery law in India, China and Brazil.
"We have inquiries or investigations regarding allegations of potential FCPA (Foreign Corrupt Practices Act, a federal law of the US) violations in a number of foreign markets where we operate, including but not limited to Brazil, China and India. This is in addition to the ongoing investigation in Mexico," the company had said in an earlier statement.