Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Wal-Mart probing charges of bribery in India    </title>
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-The Times of India

Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to..."/>
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-The Times of India

Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to..." />
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                            <div align="justify">-The Times of India<br /><br />Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies.<br /><br />The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes next week for the winter session.<br /><br />&quot;Since the implementation of the global review and enhanced anti-corruption compliance programs, the company has identified or been made aware of additional allegations regarding potential FCPA (Foreign Corrupt Practices Act) violations. When allegations are reported or identified, we, together with our third party advisors, conduct inquiries and when warranted, we open investigations,&quot; Wal-Mart said in a statement late on Thursday.<br /><br />&quot;We have inquiries or investigations regarding allegations of potential FCPA violations in a number of foreign markets where we operate regarding FCPA allegations, including but not limited to Brazil, China and India. This is in addition to the ongoing investigation in Mexico,&quot; the company said.<br /><br />The disclosure, made in a regulatory filing, suggests Walmart has uncovered evidence into potential violations of FCPA, as the fallout continues from a bribery scheme involving the opening of stores in Mexico that was the subject of a New York Times investigation in April.<br /><br /><em>Internal probe unrelated to FDI lawsuits: Wal-Mart<br /></em><br />Walmart's disclosure that it is investigating alleged violations of the US anti-bribery law does not necessarily mean that it has definitely paid bribes in China, India and Brazil, New York Times has quoted an unnamed source as saying. &quot;But it did indicate that the company had found enough evidence to justify concern about its business practices in the three countries &mdash; concerns that go beyond initial inquires and that are serious enough that shareholders need to be told,&quot; the newspaper said.<br /><br />It also said that the Justice Department and the Securities &amp; Exchange Commission are also looking into the company's compliance with the anti-bribery law. The FCPA treats payment of bribes or offering inducements by US companies and individuals or even foreign companies listed on US stock exchanges as an offence. The law enacted over a decade ago was part of a global drive against corrupt practices and money laundering.<br /><br />When contacted, a Walmart India spokesperson declined to comment on specific allegations until investigations are concluded by the company. &quot;This investigation is unrelated to recently publicized public interest lawsuits related to claims that Walmart is in violation of FDI laws,&quot; the spokesperson said in an email to TOI. The BJP said the latest disclosure by the US retailer makes the issue of allowing FDI in multi-brand retail &quot;murkier&quot;. &quot;We need to have answers as to why the government is in a hurry to allow FDI in multi-brand retail. There are several questions which need to be answered,&quot; said BJP spokesperson Nirmala Sitharaman.<br /><br /><em>Times View<br /></em><br />There is a serious danger here that the investigations into whether or not Walmart paid bribes in India will be used as a pretext to scupper FDI in retail. That would be a serious mistake. Allegations of bribery must be probed thoroughly not just by Walmart or the US authorities under their laws, but by Indian agencies too. If they are found true, action must be taken against those indulging in corrupt practices. But even if they are found true, that would be no reason to block FDI in multi-brand retail. FDI in retail must be allowed not because Walmart or some other foreign retail chain wants it, but because it is in the interests of India's consumers and farmers. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms" class="re" target="_blank">The Times of India, 17 November, 2012, http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">Wal-Mart probing charges of bribery in India</h1>
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                            <div align="justify">-The Times of India<br /><br />Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies.<br /><br />The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes next week for the winter session.<br /><br />&quot;Since the implementation of the global review and enhanced anti-corruption compliance programs, the company has identified or been made aware of additional allegations regarding potential FCPA (Foreign Corrupt Practices Act) violations. When allegations are reported or identified, we, together with our third party advisors, conduct inquiries and when warranted, we open investigations,&quot; Wal-Mart said in a statement late on Thursday.<br /><br />&quot;We have inquiries or investigations regarding allegations of potential FCPA violations in a number of foreign markets where we operate regarding FCPA allegations, including but not limited to Brazil, China and India. This is in addition to the ongoing investigation in Mexico,&quot; the company said.<br /><br />The disclosure, made in a regulatory filing, suggests Walmart has uncovered evidence into potential violations of FCPA, as the fallout continues from a bribery scheme involving the opening of stores in Mexico that was the subject of a New York Times investigation in April.<br /><br /><em>Internal probe unrelated to FDI lawsuits: Wal-Mart<br /></em><br />Walmart's disclosure that it is investigating alleged violations of the US anti-bribery law does not necessarily mean that it has definitely paid bribes in China, India and Brazil, New York Times has quoted an unnamed source as saying. &quot;But it did indicate that the company had found enough evidence to justify concern about its business practices in the three countries &mdash; concerns that go beyond initial inquires and that are serious enough that shareholders need to be told,&quot; the newspaper said.<br /><br />It also said that the Justice Department and the Securities &amp; Exchange Commission are also looking into the company's compliance with the anti-bribery law. The FCPA treats payment of bribes or offering inducements by US companies and individuals or even foreign companies listed on US stock exchanges as an offence. The law enacted over a decade ago was part of a global drive against corrupt practices and money laundering.<br /><br />When contacted, a Walmart India spokesperson declined to comment on specific allegations until investigations are concluded by the company. &quot;This investigation is unrelated to recently publicized public interest lawsuits related to claims that Walmart is in violation of FDI laws,&quot; the spokesperson said in an email to TOI. The BJP said the latest disclosure by the US retailer makes the issue of allowing FDI in multi-brand retail &quot;murkier&quot;. &quot;We need to have answers as to why the government is in a hurry to allow FDI in multi-brand retail. There are several questions which need to be answered,&quot; said BJP spokesperson Nirmala Sitharaman.<br /><br /><em>Times View<br /></em><br />There is a serious danger here that the investigations into whether or not Walmart paid bribes in India will be used as a pretext to scupper FDI in retail. That would be a serious mistake. Allegations of bribery must be probed thoroughly not just by Walmart or the US authorities under their laws, but by Indian agencies too. If they are found true, action must be taken against those indulging in corrupt practices. But even if they are found true, that would be no reason to block FDI in multi-brand retail. FDI in retail must be allowed not because Walmart or some other foreign retail chain wants it, but because it is in the interests of India's consumers and farmers. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms" class="re" target="_blank">The Times of India, 17 November, 2012, http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms</a><div class="clear"></div>
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Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to..."/>
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    <h1 class="cat-box-title">Wal-Mart probing charges of bribery in India</h1>
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                            <div align="justify">-The Times of India<br /><br />Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies.<br /><br />The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes next week for the winter session.<br /><br />&quot;Since the implementation of the global review and enhanced anti-corruption compliance programs, the company has identified or been made aware of additional allegations regarding potential FCPA (Foreign Corrupt Practices Act) violations. When allegations are reported or identified, we, together with our third party advisors, conduct inquiries and when warranted, we open investigations,&quot; Wal-Mart said in a statement late on Thursday.<br /><br />&quot;We have inquiries or investigations regarding allegations of potential FCPA violations in a number of foreign markets where we operate regarding FCPA allegations, including but not limited to Brazil, China and India. This is in addition to the ongoing investigation in Mexico,&quot; the company said.<br /><br />The disclosure, made in a regulatory filing, suggests Walmart has uncovered evidence into potential violations of FCPA, as the fallout continues from a bribery scheme involving the opening of stores in Mexico that was the subject of a New York Times investigation in April.<br /><br /><em>Internal probe unrelated to FDI lawsuits: Wal-Mart<br /></em><br />Walmart's disclosure that it is investigating alleged violations of the US anti-bribery law does not necessarily mean that it has definitely paid bribes in China, India and Brazil, New York Times has quoted an unnamed source as saying. &quot;But it did indicate that the company had found enough evidence to justify concern about its business practices in the three countries &mdash; concerns that go beyond initial inquires and that are serious enough that shareholders need to be told,&quot; the newspaper said.<br /><br />It also said that the Justice Department and the Securities &amp; Exchange Commission are also looking into the company's compliance with the anti-bribery law. The FCPA treats payment of bribes or offering inducements by US companies and individuals or even foreign companies listed on US stock exchanges as an offence. The law enacted over a decade ago was part of a global drive against corrupt practices and money laundering.<br /><br />When contacted, a Walmart India spokesperson declined to comment on specific allegations until investigations are concluded by the company. &quot;This investigation is unrelated to recently publicized public interest lawsuits related to claims that Walmart is in violation of FDI laws,&quot; the spokesperson said in an email to TOI. The BJP said the latest disclosure by the US retailer makes the issue of allowing FDI in multi-brand retail &quot;murkier&quot;. &quot;We need to have answers as to why the government is in a hurry to allow FDI in multi-brand retail. There are several questions which need to be answered,&quot; said BJP spokesperson Nirmala Sitharaman.<br /><br /><em>Times View<br /></em><br />There is a serious danger here that the investigations into whether or not Walmart paid bribes in India will be used as a pretext to scupper FDI in retail. That would be a serious mistake. Allegations of bribery must be probed thoroughly not just by Walmart or the US authorities under their laws, but by Indian agencies too. If they are found true, action must be taken against those indulging in corrupt practices. But even if they are found true, that would be no reason to block FDI in multi-brand retail. FDI in retail must be allowed not because Walmart or some other foreign retail chain wants it, but because it is in the interests of India's consumers and farmers. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms" class="re" target="_blank">The Times of India, 17 November, 2012, http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms</a><div class="clear"></div>
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Home हिन्दी

Wal-Mart probing charges of bribery in India

Published on Nov 17, 2012   Modified on Nov 17, 2012

-The Times of India Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies. The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes next week for the winter session. "Since the implementation of the global review and enhanced anti-corruption compliance programs, the company has identified or been made aware of additional allegations regarding potential FCPA (Foreign Corrupt Practices Act) violations. When allegations are reported or identified, we, together with our third party advisors, conduct inquiries and when warranted, we open investigations," Wal-Mart said in a statement late on Thursday. "We have inquiries or investigations regarding allegations of potential FCPA violations in a number of foreign markets where we operate regarding FCPA allegations, including but not limited to Brazil, China and India. This is in addition to the ongoing investigation in Mexico," the company said. The disclosure, made in a regulatory filing, suggests Walmart has uncovered evidence into potential violations of FCPA, as the fallout continues from a bribery scheme involving the opening of stores in Mexico that was the subject of a New York Times investigation in April. Internal probe unrelated to FDI lawsuits: Wal-Mart Walmart's disclosure that it is investigating alleged violations of the US anti-bribery law does not necessarily mean that it has definitely paid bribes in China, India and Brazil, New York Times has quoted an unnamed source as saying. "But it did indicate that the company had found enough evidence to justify concern about its business practices in the three countries — concerns that go beyond initial inquires and that are serious enough that shareholders need to be told," the newspaper said. It also said that the Justice Department and the Securities & Exchange Commission are also looking into the company's compliance with the anti-bribery law. The FCPA treats payment of bribes or offering inducements by US companies and individuals or even foreign companies listed on US stock exchanges as an offence. The law enacted over a decade ago was part of a global drive against corrupt practices and money laundering. When contacted, a Walmart India spokesperson declined to comment on specific allegations until investigations are concluded by the company. "This investigation is unrelated to recently publicized public interest lawsuits related to claims that Walmart is in violation of FDI laws," the spokesperson said in an email to TOI. The BJP said the latest disclosure by the US retailer makes the issue of allowing FDI in multi-brand retail "murkier". "We need to have answers as to why the government is in a hurry to allow FDI in multi-brand retail. There are several questions which need to be answered," said BJP spokesperson Nirmala Sitharaman. Times View There is a serious danger here that the investigations into whether or not Walmart paid bribes in India will be used as a pretext to scupper FDI in retail. That would be a serious mistake. Allegations of bribery must be probed thoroughly not just by Walmart or the US authorities under their laws, but by Indian agencies too. If they are found true, action must be taken against those indulging in corrupt practices. But even if they are found true, that would be no reason to block FDI in multi-brand retail. FDI in retail must be allowed not because Walmart or some other foreign retail chain wants it, but because it is in the interests of India's consumers and farmers.

The Times of India, 17 November, 2012, http://timesofindia.indiatimes.com/india/Wal-Mart-probing-charges-of-bribery-in-India/articleshow/17249461.cms

Tagged with: FDI Retail Corruption

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