Subscribe Register Login

Wednesday, April 23, 2014, 1:31 p.m.
Top Picks - Arkansas Daily Deal

Wal-Mart suspends some Indian workers amid bribery investigation

By Bloomberg News

This article was published November 23, 2012 at 7:14 a.m.

Wal-Mart Stores Inc., the world’s largest retailer, said some workers at its joint venture in India have been suspended as it conducts inquiries into potential violations of U.S. anti-bribery laws.

The retailer is conducting a “complete and thorough investigation,” it said in an e-mailed statement Friday. The Indian venture, Bharti Walmart Pvt., has suspended planned store openings until the probe is completed, the Economic Times reported Friday, citing two unidentified people.

Wal-Mart, based in Bentonville, on Nov. 15 said it started inquiries into potential violations of the Foreign Corrupt Practices Act in India, Brazil and China.

The U.S. Department of Justice and the Securities and Exchange Commission are looking into allegations that Wal-Mart systematically bribed Mexican officials so it could more quickly open stores.

An anti-corruption team summoned some employees and told them two weeks ago not to enter Bharti Wal-Mart’s office until after the investigation, the Economic Times reported.

Wal-Mart didn’t provide any details of the people suspended or about the probe it is conducting, saying it would be “inappropriate” to comment before the investigation is complete.

Comments on: Wal-Mart suspends some Indian workers amid bribery investigation

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 2 of 2 total comments

Hogdude says... November 23, 2012 at 5:57 p.m.

The Foreign Corrupt Practices Act is right--for us in America--but really handicaps American companies in--you guessed it--foreign countries. Many other countries, especially third-world, only deal in bribes. That really leaves Americans shackled in those business dealings. Solution--who knows, but this law is no help.

( | suggest removal )

freedomfighter says... November 23, 2012 at 8:42 p.m.

hard working mexican employees just trying to feed their families and make a better life, taking the bribes that american employees just wont take.....

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Tissueprocurementcoo

    tissue procurement coordinator central arkansasthe Arkansas ...
    LITTLE ROCK, AR

  • Building maintenance -need refs

    building maintenance-Need refs. pass drug & alcohol test. $1...
    LITTLE ROCK, AR

  • Student teachers

    spring 2014teacher job faircaddo parrishwe want you to becom...
    SHREVEPORT, LA

  • Coach

    licensed teacher/head basketball coach- Pine Bluff School Di...
    LITTLE ROCK, AR

  • Branch specialist

    join the truservice team Conway Experienced individual neede...
    LITTLE ROCK, AR

Search 803 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online