New Delhi: Responding to the allegations of bribery by Wal-Mart in India, the company has released the statement below:
These allegations are entirely false. In accordance with U.S. law, U.S. companies are required to disclose the issues and expenditures associated with lobbying on a quarterly basis. The expenditures are a compilation of expenses associated with staff, association dues, consultants, and contributions spent in the United States. Our Washington office naturally had discussions with U.S. government officials about a range of trade and investment issues that impact our businesses in the U.S. and worldwide and disclosed this in accordance with the law.
These allegations are entirely false. In accordance with U.S. law, U.S. companies are required to disclose the issues and expenditures associated with lobbying on a quarterly basis. The expenditures are a compilation of expenses associated with staff, association dues, consultants, and contributions spent in the United States. Our Washington office naturally had discussions with U.S. government officials about a range of trade and investment issues that impact our businesses in the U.S. and worldwide and disclosed this in accordance with the law.
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