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Wal-Mart suspends India staff members amid bribery probe

Bribery charges in a continuous discussion, is the world's largest retailer, wal-mart has suspended the joint venture companies in India's "minority affiliated company".
Wal-mart did not provide further details.
But all kinds of reports, chief financial director and legal between team members those suspended.
The company is investigating a possible violation of the laws of the United States ban American company bribes to win or keep business, foreign.
"We are committed to comprehensive and thorough investigation. Wal-mart and Bharti has suspended some affiliated company of the results of the survey came out before," the company said in a statement.
Committed to India
The survey, wal-mart is looking to profit the Indian market expansion.
Earlier this year, India allow global chain supermarket in domestic investment retail stores.
According to the government's proposals, transnational retailers, such as wal-mart, carrefour, especially easy to purchase, etc., can now buy 51% of the equity in India retailers.
Tens of thousands of small businesses and cornershops, who fear that they will be put out of business, it has strong opposition.
The government first is forced to back down retail reform after the cabinet for development of the retail sector last November, but the idea of recovery, so as to promote India's economic growth.
Wal-mart, at present through its joint venture enterprise and Bharti in India's wholesale shop, had earlier said it plans to open retail store in two years.
The company said, the latest development will not affect its expansion plans.
, "a spokesman said:" we are committed to the Indian market. "We still excited the chance to develop our business in the world one of the most dynamic economies," it said.
The United States "anti overseas corruption law" of American company and its subsidiaries to foreign officials bribery crime.
In April this year, the retailer said it is survey said, the Mexican subsidiary bribery, to ensure that allowed to establish a new store.
Wal-mart said, carries on the investigation and in some other countries, including Brazil and China.




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