Saturday, November 17, 2012

Wal-Mart and India

FCPA (Foreign Corrupt Practices Act) forbids any company listed in USA from bribing anyone anywhere in the world. Wal-Mart is presently facing an enquiry regarding possible corrupt practices in Mexico. Wal-Mart also is conducting its own internal enquiry.

The company (world's largest retailer) is now extending its internal enquiry to cover Brazil, China and India. This indicates that corruption is not country-specific and is present across national borders.

There is however an interesting difference. Wal-Mart already has many of its retail outlets in Brazil and China. In India it has not yet been allowed to open shop. Therefore we learn that corruption precedes business in India whereas corruption only accompanies business in other countries.

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