Corruption taint hits Walmart in India
Agencies: New Delhi, Nov 15 2012, 21:14 IST
third party advisors, conduct inquiries and when warranted, we open investigations," it added. Reiterating that it took compliance with the FCPA very seriously and it was committed to having a strong and effective global compliance programme in every country in which it operates, Walmart said: "We will not tolerate non-compliance anywhere or at any level of the company.
"We are working diligently to strengthen our compliance programmes and dedicating considerable resources to this effort. In fact, the company has spent more than USD35 million on its global FCPA compliance review efforts over the past 18 months."
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