Walmart probes Flipkart employees over kickbacks exceeding Rs 150 crore
7 Articles
7 Articles
Walmart probes Flipkart employees over kickbacks exceeding Rs 150 crore
The ongoing investigation covers employees in Flipkart’s smartphones, luggage and travel accessories (LTA) divisions and marks the third internal probe Walmart has initiated at the e-commerce company in less than three years over alleged financial misconduct, sources told Moneycontrol.
Flipkart's parent company Walmart has launched an investigation into allegations that employees of the company took bribes worth over Rs 150 crore. It was found that employees in the smartphone and travel bags categories received money to give products higher visibility. The new investigation comes amid crises including the delay in the IPO.
Walmart investigates alleged Rs 150 crore kickbacks involving Flipkart employees
Walmart has initiated an internal investigation into alleged financial irregularities at Flipkart after whistleblower complaints accused employees in its smartphones and luggage and travel accessories (LTA) divisions of accepting kickbacks exceeding Rs 150 crore, according to a Moneycontrol report. The investigation is examining whether employees received payments or favours from vendors in exchange for preferential [...]
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