Wal Mart said to the US Senate that it spent $25 million bribing Indian establishment over four years to get entry into Indian Markets. Is it not evidence ?
Readers of TOI responded to my above letter is like this: Agree (8)Disagree (0)Recommend (7)Offensive
This letter was written by me in response to a news item entitled, "Wal-Mart lobbying case 'closed' due to lack of evidence: Repor", dt 18.5.13 in times of India, .....The investigation into whether Wal-Mart may have bribed Indian officials to gain wider access to the country's market has been "closed" due to lack of evidence, a report said.
Socialism and Democracy are things of the past now. Small borrowers are put to miseries in the name of recoveries by the Banks. Even Rs. 50,000/- over dues of a loanee are reported to CIBIL, so that he is branded as defaulter and put on world wide web as a caution for Banks against the defaulter. Even after clearing of the due amount the record is not erased and no Bank would lend him any money for life for his track record of repayment is bad. Whereas the startling revelations that every Year Banks write off Rs. 15,000 crore to big Corporates let me think that India is no longer a Socialist and Democratic country.
Govt banks write off Rs 15,000 crore bad debts annually", dt. 13.5.13. The writing off of bad debts is turning out to be a scam, with the CBI approaching the SC seeking a direction that no banks be allowed to write off debts without its approval.Times of India
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