Wal-Mart lobbying case: Probe panel to meet tomorrow

The government-appointed panel looking into Walmart's lobbying with American lawmakers for its entry into the Indian market is likely to meet tomorrow and deliberate on information provided by the retail giant.

hidden May 05, 2013 11:17:47 IST
Wal-Mart lobbying case: Probe panel to meet tomorrow

New Delhi: The government-appointed panel looking into Walmart's lobbying with American lawmakers for its entry into the Indian market is likely to meet tomorrow and deliberate on information provided by the retail giant.

The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, during its meeting last month had sought fresh details from Walmart.

WalMart lobbying case Probe panel to meet tomorrow

Reuters

Sources said the probe panel is expected to meet on May 6 to discuss various information provided by the retailer. This would be the fifth meeting of the committee since its set up in January.

After the last meeting on April 10, Mudgal had said that he has sought more information from Walmart. The previous meeting was attended by Walmart representatives and senior officials from the Corporate Affairs Ministry and the Department of Industrial Policy and Promotion, among others.

The tenure of the panel, which was expected to submit its report by April 30, has been extended.

In response to a query on when the panel is expected to complete its probe, Mudgal had said, "It would depend on the replies given by Walmart and if at all a little extension is sought, it won't go beyond June".

Following reports about Walmart's lobbying among the US lawmakers since 2008 for facilitating its entry into the Indian market, the government in December 2012 had assured Parliament to get the matter probed by a retired judge.

The committee is looking into "whether Walmart undertook any activities in India in contravention of any Indian law", and any other matter relevant to this issue.

As per Congressional records of lobbying disclosure reports, the company spent a total amount of USD 6.13 million (about Rs 33 crore) on lobbying for various issues, including on "discussions related to FDI in India", during entire 2012.

Amid intense political pressure, the government had set up the panel to look into the issue.

The Corporate Affairs Ministry is providing administrative support to the committee, which has already discussed responses received from the public on the matter.

Separately, the regulatory agencies here are also probing allegations of bribery against Walmart in India.

PTI

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

SC stays farm laws but forms expert panel to ease negotiations; farmers say no talks, only repeal
India

SC stays farm laws but forms expert panel to ease negotiations; farmers say no talks, only repeal

The farmers have not only categorically refused to engage with the said 'expert panel', which includes two domain experts and two farmer leaders, but have also asserted that their tractor march on Republic Day will be held as per schedule

CES 2021: LG unveils 48-inch bendable CSO display for gaming, to be showcased at the event
News & Analysis

CES 2021: LG unveils 48-inch bendable CSO display for gaming, to be showcased at the event

LG Display features a 120 Hz refresh rate with variable refresh rate support from 40 Hz to 120 Hz.

Parliamentary panel examining Personal Data Protection Bill recommends 89 changes, says Meenakshi Lekhi
India

Parliamentary panel examining Personal Data Protection Bill recommends 89 changes, says Meenakshi Lekhi

The bill was drafted following a Supreme Court judgment in August 2017 that declared 'Right to Privacy' a fundamental right