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India's Directorate of Enforcement has asked several Wal-Mart (WMT +0.4%) execs to appear before...
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Tuesday, January 29, 9:37 AM ETIndia's Directorate of Enforcement has asked several Wal-Mart (WMT +0.4%) execs to appear before it to clarify the firm's position on accusations it violated direct investment rules. The move appears to be more political posturing with Wal-Mart's minor lobbying activities clearly disclosed in a timely fashion to regulators in the U.S. and India. Of course, the end game of shouldering into India's retail market is so enticing that the company will continue to jump through hoops to make any bit of forward progress.
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