Thursday, Apr 25, 2024 | Last Update : 05:30 AM IST
Wal-Mart faces Central Vigilance Commission scrutiny
Top executives of the US-based world’s biggest retailer Wal-Mart have been examined by the Central Vigilance Commission amid allegations that the company gave bribes to government officials to get cus
Top executives of the US-based world’s biggest retailer Wal-Mart have been examined by the Central Vigilance Commission amid allegations that the company gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.
The company officials have submitted balance sheets of past seven years and sought time to give some more documents required by the anti-corruption watchdog. “We had summoned Wal-Mart’s officials. Following which, two of their senior executives, including company’s India head have been examined. They have sought time till December 15 to submit more documents relevant in the case,” vigilance commissioner T.M. Bhasin said on Wednesday. The officials were examined recently.
It is for the first time that the probity watchdog has started investigations involving a private company. Mr Bhasin said that both the officials were summoned under the relevant section of the CVC Act.
