The much talked about lobbying by US retailer Wal-Mart with lawmakers to gain access to Indian market didn't violate American laws, State Department spokesperson Victoria Nuland said.
Wal-Mart admitted in its lobbying disclosure report that it spent Rs 125 crore on lobbying with the lawmakers to facilitate its entry into Indian retail rector.
The BJP-led Opposition alleged that the Congress-led union government of India opened the domestic retail sector to foreign retailers to please the US government that was being lobbied by retail giants like Wal-Mart.
Praveen Khandelwal, secretary general of the Confederation of All India Traders (CAIT), said Walmart's lobbying disclosure report also contained lobbying expenses incurred by the retail giant in India with regard to FDI in multi-brand retail.
Responding to allegations, Nuland said, "On the US side, I don't have any reason to believe that we have a violation of US law here. With regard to the Indian side, I'll refer you to them."
Nuland explained that the lobbying disclosure report was a regularly required report for the US Government as a part of its open government transparency in governance requirements.
Separately, Wal-Mart also refuted allegations of being involved in a wrongdoing by spending money on lobbying. It said the allegations were totally false, and claimed US law required all companies to reveal their expenditures pertaining to lobbying on a quarterly basis
- Toshiba, United Technologies ink agreement for global growth in HVAC solutions
- Google offers artificial personal assistant for users ready to give up personal info
- Apple launches iPhone 6, iPhone 6 Plus in India
- Google profits plunges 5 percent YOY, in Q3
- HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore