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Allegations against Walmart being probed: Anand Sharma
Sunday November 18, 2012 05:50:52 PM,
Ranjana
Narayan,
IANS
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On Board Air India One: Allegations of corruption by Walmart, the world's largest
retailer, are being looked into by the relevant agencies, Commerce
Minister Anand Sharma said Sunday.
Speaking to newspersons accompanying Prime Minister Manmohan Singh
to the Asean summit in Phnom Penh, Sharma said he did not want to
comment on allegations of violations of the Foreign Exchange
Management Act against Walmart.
"Allegations are allegations... In a rule-based country, there are
agencies and authorities to look into such things," Sharma said.
Walmart has disclosed that it is investigating allegations of
corrupt practices and alleged violations of US anti-bribery law in
India, China and Brazil.
The BJP has also demanded a probe into the allegations.
"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 has said in a statement.
(Ranjana
Narayan can be reached at ranjana.n@ians.in)
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