Tuesday, 11 December 2012

Walmart facing numerous issues in India

Bharti Walmart,a Indian the 50:50 ‘cash-and-carry’ venture between Walmart, the world’s largest retailer, and Bharti Enterprises, has asked five of its executives not to come to work for some days. The reason: Experts are probing allegations of corruption in the company. Bharti Walmart hasn’t disclosed what it is, nor has it named the executives who have been suspended. What is clear is that there has been a violation of the Foreign Corrupt Practices Act (FCPA) of 1977, in the United

Walmart India, Bharti walmart, cash-and-carry, cash carry India

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