Confident things will work out in India says Walmart CEO Mike Duke
Both the US Government and Wal-Mart have insisted that it has done nothing wrong and has lobbied as per US laws.
And under US laws, the money estimated to be USD 25 million as disclosed by Wal Mart in its quarterly reports are the one which has been spent by it in the US.
Officials said any money spent by Wal-Mart in India to gain undue favor from the government or the officials would come under the foreign corrupt practices act and that would require a separate investigation.
The issues, which have been disclosed by the Wal-Mart in its quarterly reports before the US House of Representatives and the Senate, range from a host of foreign issues like FDI in India, to enhanced market access for investment in India and China.
It also included Pakistan and Afghanistan Reconstruction Opportunity Zones, Panama and Columbia Free Trade Agreements, Mexico Trucking dispute, Trans-Pacific Partnershipnegotiations, WTO negotiations, APEC Ministerial, conflict minerals in Congo and China currency issues.
Under US laws, companies, individuals and even foreign countries are allowed to lobby before the US Congress and various wings of the US Government -- the White House, State Department, Commerce Department, Department of Treasury, Department of Defense, US Trade Representatives to name a few.
But to do so, they are required to either hire the services of registered lobbyists or employ them, who then on behalf of the companies or entities go to the offices of
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