INDIA: Bharti Wal-Mart suspends CFO amid bribery probe
By Michelle Russell | 23 November 2012
Bharti Wal-Mart has suspended a number of its employees, one of whom is understood to be its CFO, while it investigates alleged violations of US anti-bribery laws.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
US: Wal-Mart shares fall after profits miss forecasts
Shares in Wal-Mart were down today (16 May) after the world's largest retailer posted quarterly earnings that missed Wall Street forecasts - and booked lower US sales.
Bangladesh safety accord still raises many questions
There is no doubt that something needed to be done to improve safety standards at factories in Bangladesh making clothes for western brands and retailers. But the new Accord on Fire and Building Safety - details of which were reported on just-style yesterday - seems to raise nearly as many questions as it answers.
BANGLADESH: Wal-Mart won't sign Accord, ramps up inspections
Wal-Mart has confirmed plans to conduct in-depth safety inspections at its supplier factories in Bangladesh over the next six months after revealing it would not join the Bangladesh Fire and Building Safety Accord.
Market research related to this article
Wal-Mart Brazil: Consumer Profile
Wal-Mart Brazil: Consumer Profile is the result of Canadean’s extensive online consumer survey Wal-Mart in Brazil, presenting uniquely detailed data on Wal-Mart’s end-consumers. It provides retailer profiles for both Main and Occasional consumers (de...
Wal-Mart Chile SA in Apparel (Chile)
In 2008, the US-based multinational company Wal-Mart Stores acquired the Chilean hypermarket, supermarket and retail company D&S, which already owned more than 250 stores across the country. Every year it is opening new stores, and in only the first ...
Wal-Mart de México SAB de CV in Apparel (Mexico)
Wal-Mart de México SAB de CV is the leading and most influential chained grocery retailer in Mexico. The company’s strategy is based on offering a wide range of products at affordable prices. Consequently, the company has developed a number of polici...