Report on Walmart lobbying case to be out in April

New Delhi: A government appointed one-man committee that is investigating alleged corruption charges against the retail giant Walmart in India will submit its report by April, Parliament was informed today.

“The government has decided to appoint one-man committee regarding media reports concerning Walmart vide resolution dated 31.1.2013. The committee has been asked to submit its report within three from months from issuance of the resolution,” Minister of State for Commerce and Industry S Jagathrakshakan said in a written reply to the Rajya Sabha.

[caption id=“attachment_642211” align=“alignleft” width=“380”] The committee was mandated to probe whether US retail giant Wal-Mart had indulged in lobbying activities by violating Indian laws to gain access to its market. Reuters[/caption]

More from Business

Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

In January, the Union Cabinet had decided that the probe would be conducted by a retired judge of Supreme Court or Chief Justice of a High Court. The committee was mandated to probe whether US retail giant Wal-Mart had indulged in lobbying activities by violating Indian laws to gain access to its market.

It was also mandated to inquire into recent media reports on disclosures of Walmart before the US Senate regarding their lobbying activities and details (and) whether Walmart undertook any activities in India in contravention of any Indian law.

Impact Shorts

More Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

As per the lobbying disclosure reports filed by Walmart with the US Senate, the company has spent close to $25 million (about Rs 125 crore) since 2008 on its various lobbying activities, including on the issues related to enhanced market access for investment in India.

PTI