A report by PTI is given below about the massive bribery by MNC Wal-Mart in India. Thousands of people have been bribed to get customs clearing etc. It is an international scandal. How to stop corruption and bribery? Will the Mody Government take action?
“New York, Oct 19 : A US government investigation is said to have found evidence of Wal-Mart Stores Inc allegedly paying thousands of small bribes to Indian officials to get customs clearances and obtain real-estate permits, the Wall Street Journal reported today.
Vast majority of payments were below USD 200 (about Rs 13,000 at current exchange rate) and some were as low as USD 5(Rs 330) but together totalled millions of dollars.
The three-year federal probe “found evidence of bribery in India, centring on widespread but relatively small payments made to local officials there”, the Journal reported citing persons it didn’t identify.
“Much of the suspected bribery investigators unearthed in India involves thousands of small payments to low-level local officials to help move goods through customs or obtain real-estate permits.
“The vast majority of the suspicious payments were lessthan USD 200, and some were as low as USD 5,” it said. “But when added together they totalled millions of dollars.”
The world’s largest retailer entered India in 2007through a supermarket joint venture with Bharti Enterprisesbut split up in 2013. Since then, it is mostly focused onwholesale business.
Wall Street Journal said investigators found similar payments in Mexico, but “the bulk of such activity seemed to be in India”. (PTI)