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Action against Wal-Mart if found violating laws: Govt

Dec 19 2013, 03:20 IST
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SummaryThe sword of fresh investigations from the Indian government still hangs over domestic operations of Wal-mart....

The sword of fresh investigations from the Indian government still hangs over domestic operations of Wal-mart if the ongoing probe by US authorities under the US Foreign Corrupt Practices Act reveals violations in India.

The government, in its action taken report (ATR), has informed Parliament that it is "continuously monitoring" developments in the US with regard to such lobbying activities and an investigation into bribery charges against Wal-mart. The ATR said the ED is investigating the issue of FDI through the automatic route by Wal-mart in Cedar Support Services.

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