As you know, Walmart is now in India. But Walmart is bad for small scale producers and retailers, which are the backbone of the great Indian economy. Like the Goa chief minister Manohar Parrikar said, “In India too, [Walmart] will kill the small scale producers.”
Walmart is also one of the most corrupt corporations in the world. Last year a New York Times story revealed how Walmart bribed and corrupted officials at all levels of government in order to enter Mexico. According to the article, “The Times’s examination reveals that Wal-Mart de Mexico was not the reluctant victim of a corrupt culture that insisted on bribes as the cost of doing business. Nor did it pay bribes merely to speed up routine approvals. Rather, Wal-Mart de Mexico was an aggressive and creative corrupter, offering large payoffs to get what the law otherwise prohibited. It used bribes to subvert democratic governance — public votes, open debates, transparent procedures. It used bribes to circumvent regulatory safeguards that protect Mexican citizens from unsafe construction. It used bribes to outflank rivals.”
A big corporation “using bribes to subvert democratic governance” is the last thing India needs now, while citizens, civic leaders and even some politicians are working to make the government less corrupt. Between a corrupt Walmart and a corrupt government there is certainly illegal conduct happening or going to happen that will help the corporation and hurt India.
The good news is we can stop it. Did you know that you can make money from exposing Walmart corruption in India? The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by major American and foreign companies. Whistleblowers who report violations can recover a large reward for exposing FCPA violations. For example, if you expose a bribe for a new investment worth one crore, you could win ten to thirty lakh. All you need to do is to click www.walmart-corruption.com.
Share this page with your family and friends, and let them know that they can help stop corruption in India. And you just might win some money too! Let’s keep corruption out!