Top
Begin typing your search above and press return to search.

CVC summons Wal-Mart India head over graft charges

By The Assam Tribune
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

NEW DELHI, Nov 4 - The US-based world�s biggest retailer Wal-Mart has come under the scanner of anti- corruption watchdog Central Vigilance Commission (CVC) which has summoned its India�s head amid allegations that the company gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

�Some observations have been made that Wal-Mart gave some amount to government officials here. It is our duty to look into it,� Vigilance Commissioner T M Bhasin said.

He said the Commission has taken suo moto cognisance of it and summoned Wal-Mart�s country head here. �We have asked them to submit details to us by November 15,� Bhasin told PTI.

It is for the first time that the probity watchdog has started investigation involving a private company. However, Wal-Mart spokesperson in a statement said it has not received any request from the CVC.

�We haven�t received any such request so far. For Wal-Mart, compliance with the US Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws is key priority. � PTI

More in Entertainment
Next Story
Similar Posts
CVC summons Wal-Mart India head over graft charges

NEW DELHI, Nov 4 - The US-based world�s biggest retailer Wal-Mart has come under the scanner of anti- corruption watchdog Central Vigilance Commission (CVC) which has summoned its India�s head amid allegations that the company gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

�Some observations have been made that Wal-Mart gave some amount to government officials here. It is our duty to look into it,� Vigilance Commissioner T M Bhasin said.

He said the Commission has taken suo moto cognisance of it and summoned Wal-Mart�s country head here. �We have asked them to submit details to us by November 15,� Bhasin told PTI.

It is for the first time that the probity watchdog has started investigation involving a private company. However, Wal-Mart spokesperson in a statement said it has not received any request from the CVC.

�We haven�t received any such request so far. For Wal-Mart, compliance with the US Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws is key priority. � PTI

More in Entertainment
Similar Posts