News: Walmart's ex-employees asked to sign pact to appear before US court

C-Suite

Walmart's ex-employees asked to sign pact to appear before US court

Bharti Walmart has asked departing senior executives, including former MD Raj Jain, to sign parting agreements giving their consent to appear before the US Department of Justice (DoJ) in the event of any DoJ-led probe into the company's operations, Economic Times reported. 

Bharti Walmart has asked departing senior executives, including former MD Raj Jain, to sign parting agreements giving their consent to appear before the US Department of Justice (DoJ) in the event of any DoJ-led probe into the company's operations, Economic Times reported. 

Some top executives who have recently quit the cash-and-carry joint venture between Walmart Stores Inc and Bharti Enterprises have been made to sign an undertaking called "Agreement of Cooperation" and a few of them have been asked to make themselves available before DoJ if required. The US federal authorities are currently probing allegations of Walmart executives bribing local officials in Mexico.

Read the complete Economic Times report here
 

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Topics: C-Suite, Employee Relations, #Updates, #International

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