You are here: Home » Companies » News
Business Standard

Delhi High Court sets aside CVC's graft inquiry against Walmart India

Walmart had conducted its own internal inquiry into the allegations of bribery

Sudipto Dey  |  New Delhi 

Walmart
Walmart had conducted its own internal inquiry into the allegations of bribery in markets like China, India and Brazil

The has set aside an inquiry initiated by the (CVC) in relation to allegations of bribery and corruption against

This may bring to close an inquiry by the CVC against following publication of article in the Wall Street Journal that alleged bribes were paid to several government officials in India to secure real estate approvals and facilitate movement of goods through customs.

Walmart had conducted its own internal inquiry into the allegations of bribery in markets like China, India and Brazil. Last year the retail major agreed to settle bribery probe by the US government after paying $300 million fine.

ALSO READ: WalmartLabs makes first Indian acquihire, brings on-board team from Appsfly

In April 2016 filed a writ petition before the to quash the inquiry. Shardul Amarchand Mangaldas & Co represented Walmart India in the case.

In compliance with with anti-graft laws: Walmart (PTI)

US retail major Walmart said Tuesday that the company is in compliance with anti-corruption laws in the US and global markets, including India, where it operates.


ALSO READ: I-T Department to wait till Sept 7 for Walmart to pay tax on Flipkart deal

Walmart’s reaction come after the today set aside the Central Vigilance Commission's enquiry into bribery allegations against Walmart's Indian arm. “Walmart is committed to operating in a responsible and legal manner, wherever we do business. Compliance with anti-corruption laws in the US and all international markets, including India, is a key priority,” said Walmart in a statement.

First Published: Wed, September 05 2018. 00:43 IST
RECOMMENDED FOR YOU