India closes Wal-Mart bribery probe


An investigation into whether Wal-Mart may have bribed Indian officials to gain wider access to the country’s vast market has been “closed” due to lack of evidence, a report said Saturday.

The one-man committee of retired Justice Mukul Mudgal probing the matter is likely to submit a report to the government this week saying there was no “adequate” evidence to suggest Wal-Mart was involved in any unlawful activity in India, the Business Standard reported, quoting unnamed sources.

There was no immediate comment available from Wal-Mart or the Indian government.

Wal-Mart said in a routine disclosure report to the U.S. Senate last year that it spent $25 million over four years on issues related to “enhanced market access for investment in India.”