The government-appointed panel, looking into possible irregularities in Walmart's US lobbying activities for entering the Indian market, is expected to meet senior executives of the retail giant this week to gather more information. ...
03:28 PM, Mar 17, 2013
Mumbai: The Indian joint venture of Walmart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of US anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Walmart, the world's largest retailer, said last week it has opened internal inquiries or investigations into bribery allegations in Brazil, China and India, which follows an earlier...
10:38 AM, Nov 23, 2012
New Delhi: World's largest retailer Walmart is investigating allegations of corrupt practices against it in foreign markets, including India. The US company had begun a probe in March last year after allegations of bribe surfaced in Mexico. The probe under the Foreign Corrupt Practices Act is now being extended to Brazil, China and more significantly to India. The US Act bars bribing officials of foreign governments. Walmart has a a...
09:21 AM, Nov 17, 2012
New Delhi: Army Chief General VK Singh has written to the CBI, seeking more time to reply on the central probing agency's query into the bribery allegations. The CBI had written back to the Army Chief last week seeking more clarification on the bribery allegations. Earlier, the CBI on Monday questioned the owner of Britain-based Vectra group Ravi Rishi for four hours in connection with alleged irregularities in the supply...
01:30 PM, Apr 03, 2012
New Delhi: Days after his explosive media interviews, Army chief General VK Singh has named Lieutenant General (Retired) Tejinder Singh in his complaint to the CBI as the person who offered him a Rs 14 crore bribe to clear a tranche of nearly 600 "sub-standard" trucks. He has assured the agency of providing more material about the alleged bribe offer very soon, CBI sources said. Lieutenant General (Retired) Tejinder Singh,...
08:54 PM, Mar 31, 2012
New Delhi: The Central Bureau of Investigation (CBI) has begun its investigations into the bribe allegations made by Army Chief General VK Singh. Sources have told CNN-IBN that a team of CBI officers is expected to meet General Singh when he returns from an official tour in Srinagar on Friday. The CBI has begun its investigations into the bribe allegations. A tape of the alleged incident, whose veracity is to...
10:15 AM, Mar 28, 2012
