Global Retailer Wal-Mart Sets Up New Company In India

Wal-Mart has been lobbying with American lawmakers since 2008 for facilitating its entry into the Indian market, according to lobbying disclosure reports filed by the company in the US.

A probe, ordered by the Indian government in December 2012, into lobbying activities undertaken by Wal-Mart to enter Indian retail market remained inconclusive.

The one-man inquiry panel, in its report tabled in the Rajya Sabha last month, could not “conclude in the absence of any material evidence available on record up till now, that Wal-Mart indulged in any lobbying/bribery to Indian officials”.

Lobbying is a legal activity in the US, but all the companies and their registered lobbyists need to file quarterly disclosure reports with the Senate and the House of Representatives.
In its Action Taken Report on Wal-Mart probe, the government had said it would initiate fresh action against Wal-Mart if an ongoing ‘foreign corrupt practices’ probe by the US authorities reveals any violation in India by the retail giant.
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