Wal-mart India Unit Suspends Cfo, Others Pending Bribery Probe

Indian Walmart

MUMBAI (Reuters) - The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment.

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Topics:  asia   bribery   cfo   corruption   india   retail   retailer   supermarket   walmart   
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