Committee probing Walmart case submits report to MCA
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The one-man committee, set up by the government to probe whether the world's largest retailer Walmart bribed its way into the Indian retail market, submitted its report to the ministry of corporate affairs on Saturday. Confirming that the report had been submitted, a senior government officialtold ET: "The report will now be tabled in Parliament."
According to some media reports that could not be substantiated, the panel headed by retired Punjab and Haryana High Court judge, Mukul Mudgal has said it could not find any evidence that Walmart bribed any Indian official.
The committee was constituted last year after an uproar in the Parliament over Walmart's disclosure that since 2008, it had spent $25 million on lobbying, including issues related to "enhanced market access for investment in India".
The report comes after the committee had close to five meetings, including one on March 22 this year, in which Walmart Asia CEO Scott Price out rightly denied having paid any funds to any government officials or Parliamentarians.
The ministry of corporate affairs provided the administrative support to the committee. However, when contacted, Justice Mudgal refused to share details of the report's findings. (Economic Times)
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