Wal-Mart’s Indian unit checked

Officials suspended, stores delayed amid internal bribery inquiry

Posted: November 24, 2012 at 3:14 a.m.

A shopper loads up on detergent at a Bharti Walmart Best Price Modern Wholesale store in Zirakpur, India, in September.

Wal-Mart Stores Inc.’s Indian joint venture has suspended several senior executives and delayed the opening of some stores in the country as part of an internal bribery investigation, the company said Friday.

This story is only available from our archives.

Business, Pages 35 on 11/24/2012


« Previous Story

Iran selling more oil to Asian economies

Finaval SpA’s Neverland Dream oil tanker (left) is seen in Singapore, Asia’s largest oil-trading-and-storage center. Customs data show Iranian oil shipments to Asia have increased since the West tightened sanctions in July.

Iran is supplying more oil to Asia’s largest economies than at any time since the West tightened sanctions in ... Read »

Next Story »

Rate cut on cars benefits buyers

Record-low interest rates have propped up a slow-to-recover housing industry. Even lower rates are helping the auto finance industry, with many firms seeing exponential gro... Read »