Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Michael Scher
Senior Editor

Elizabeth K. Spahn Contributing Editor

Julie DiMauro Contributing Editor

Eric Carlson Contributing Editor

Michael Kuria Contributing Editor

Thomas Fox Contributing Editor

Philip Fitzgerald Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Brook Horowitz Contributing Editor

Connect

Subscribe to receive the free FCPA Blog daily

Close
FCPA Blog Daily News

« SEC case against Noble execs survives motion to dismiss | Main | Corporate behavior can change. Really »
Wednesday
Dec122012

Wal-Mart's lobbying triggers India investigation

Wal-Mart's disclosure in the U.S. that it spent $25 million lobbying American lawmakers for help gaining access to foreign markets has triggered demands from Indian politicians for a government investigation.

Lobbying is considered illegal in India and is often equated with bribery.

The Wall Street Journal on Wednesday said India's government will appoint a retired judge to conduct an investigation.

Wal-Mart has denied that it did any lobbying in India.

In demanding a government investigation, upper house opposition BJP member M Venkaiah Naidu said:

"It is a question of our nation's sovereignty. It is a shameful act. We have to have a detailed discussion."

The Indian government earlier this year changed the law to allow foreign retailers to own up to 51 percent of local outlets.

Last month Wal-Mart's India joint venture suspended its chief financial officer and others during a growing global bribery investigation.

Wal-Mart said in November that its FCPA investigation that started in Mexico had expanded at least to Brazil, China, and India.

Wal-Mart's partner in India is Bharti Enterprises.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.