While reacting to a media report explaining the expected
terms of reference for a judicial probe on lobbying disclosure report,
the Confederation of All India Traders (CAIT) has questioned reported
terms of reference as a futile exercise in as much as it does not
contain the basic fundamental questions required to be included in the
terms of reference. The CAIT also said that the terms of reference
should also include whether any other global company has indulged in
such kind of practice and if so who are the beneficiaries in India. The
terms of reference for judicial probe must be inclusive-said CAIT.
CAIT National President Mr. B. C. Bhartia and Secretary
General Mr. Praveen Khandelwal in a joint statement released here today
said that the terms of reference should include explicit reference for
probing the sacked officials of Walmart, who have already identified by
the Company and an internal probe is conducted by Walmart. Their
explicit inclusion will take the probe in a more judicious way.
The CAIT leaders further said that there are allegations
of FEMA violations on Wal-Mart which also needs to be included in the
suggested terms of reference.
The CAIT leaders said that immediate after the
announcement of FDI in Retail, the Indian Rupee appreciated in
comparison to US dollar. A probe is also needed whether such an
appreciation was orchestral move of the global retailers or not. They
also demanded that the probe should also include whether there is any
nexus between the bribery and political parties.
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For more information, please contact CAIT Secretary General Mr. Praveen Khandelwal @ 9891015165
Confederation of All India Traders
Vyapaar Bhawan
925/1, Naiwala, Karol Bagh
New Delhi-110005
Phone :+91 11 45032664 - 45032665
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