Panel investigating Walmart's lobbying to submitter report
The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal formed to investigate the Walmart's lobbying activities with American lawmakers for expanding into the Indian market, is set to submit its report this week.
The panel, which was formed in January, was looking into "whether Walmart undertook any activities in India in contravention of any Indian law" and other related matter. The central government had assured the parliament that it would launch investigations into the Walmart's lobbying among the US lawmakers since 2008 enabling its entry into the Indian market.
Wal-Mart had dismissed suggestions that it is involved in illegal lobbying for entering Indian market and said that it will fully cooperate with the investigations in the country. The company said that it will provide relevant information to the Indian authorities for assisting in the judicial investigations into allegations that the company lobbied in the US regarding India’s multi-brand retail sector.
The invitations were announced after India’s main opposition party, Bharatiya Janata Party (BJP) demanded a probe into the allegations that Wal-Mart lobbied to enter the Indian market. The timing of the incidence is unfortunate for the company as the Indian policy makers just allowed foreign firms to enter the Indian market amid intense opposition from various circles.
The country’s parliament recently approved the government’s decision to allow 51 per cent FDI in multi-brand retail in the country allowing global retail giants like Wal-Mark to inter the Indian market. The government has been backing the move to allow FDI while some opposition parties took the government to a confidence vote on the issue, before the legislators voted to uphold the government’s decision.