31 March, 2016
Further to the news report in October 2015 that evidence was found by the US government that Walmart Stores Inc., the US retail giant, paid bribes to local Indian officials to obtain real estate approvals and customs clearances, in November 2015, India's anti-corruption watchdog the Central Vigilance Commission (CVC) summoned Walmart's India head and requested the company to provide information about the alleged bribes in India. Indian authorities have also sought assistance under the United Nations Convention against Corruption (UNCAC) with a view to obtaining further information from Walmart's US base.
For further information, please contact:
Kyle Wombolt, Partner, Herbert Smith Freehills
kyle.wombolt@hsf.com
