October 20, 2015 9:41 AM

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Walmart paid millions of dollars as bribe in India: WSJ report

A US government investigation is said to have found evidence of Wal-Mart Stores allegedly paying thousands of small bribes to local officials in India to get customs clearances and obtain real-estate permits.Wall Street Journal reported that vast majority of payments were below 200 dollars and some were as low as 5 dollars but together totalled millions of dollars.The Journal reported that three-year federal probe found evidence of widespread bribery in India.Wall Street Journal said investigators found similar payments in Mexico, but the bulk of such activity seemed to be in India.Wal-Mart is likely to face charges of violating the US Foreign Corrupt Practices Act due to these payments.The world's largest retailer entered India in 2007 through a supermarket joint venture with Bharti Enterprises but split up in 2013. Since then, it is mostly focused on wholesale business.

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