Bharti Walmart clears its stance
Releases statement on the the lobbying disclosure allegations making rounds.
Tags: Bharti walmartDecember 12, 2012 | comments ( 0 ) |
A Bharti Walmart spokesprson released a statement which said that the allegation that a routine U.S. lobbying disclosure form reflects improper conduct on our part in India, is false. This disclosure has nothing to do with political or governmental contacts with India Government officials. It shows that our business interest in India was discussed with U.S. Government officials ---along with 50 or more other topics during a three month period.
Under U.S. law, on a quarterly basis, all companies which meet certain time and expenses thresholds, are required to disclose issues and expenditures spent in connection with contacts with the United States Government, including staffing cost, association dues, and payments to consultants.
This is not unique to Walmart. All organisations which expend more than $11,500 annually on lobbying activities and employ at least one lobbyist must register and file the quarterly reports. In the third quarter of 2012, lobbyists and companies filed thousands of forms. Per a Washington D.C. publication, Roll Call, in the first quarter of this year, 143 organisations reported expenses of more than $1 million
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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