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Walmart CFO, legal team suspended over bribery charge

The Chief Financial Officer (CFO) and the entire legal team of the Indian unit of global retail giant Walmart has been suspended for their alleged role in a bribery case.

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According to a report in the Economic Times, an anti-corruption squad consisting of auditors from KPMG and US-based law company GreenbergTraurig separately summoned five members of the legal team including the CFO two weeks ago.

They were asked by the team not to enter the Walmart office until the investigations are concluded.

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