Walmart India sacks manager amid probe

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The India unit of Walmart Stores has sacked a manager, two years after the company suspended its then CFO and legal team amid investigations into alleged violations of US anti-bribery laws. The termination notice was issued to the mid-level manager last week, two people with direct knowledge of the situation said.

The person has also got to be available for questioning by the US Department of Justice in case of any inquiry in the next five years, said one of the persons cited above. It's not known whether any more employees belonging to the same department are under the scanner, nor is it clear whether any wrongdoing is involved.

Walmart-India-sacks-manager-amid-probe

A spokesperson for Walmart India declined to comment on the story. The company has been seeking to uncover any possible infringements of the Foreign Corrupt Practices Act (FCPA), which makes it illegal for US-listed companies to bribe government officials in foreign countries as part of running or securing businesses.

The Bentonville-based retail giant has faced FCPA challenges in recent years. Its Mexico unit was found to have bribed government officials some years ago as it sought to accelerate growth in the biggest overseas subsidiary for Walmart.

The Mexico scandal prompted Walmart to review and strengthen its FCPA compliance programme in various countries, including India. Walmart split with its India equal joint venture partner Bharti Enterprises, a year ago.


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