Bribe | Pixr8 News

Bengaluru, March 9, 2020: Global software major Infosys sacked three of its techies who were arrested on a bribe charge levelled by the Indian Income Tax Department, said a company official. "The three employees have been terminated after a thorough internal investigation," said Infosys in a mail reply to Pixr8 News. Admitting that the company was aware of the allegations against the accused who have been found violating the company's policies by the tax authorities, the official said the company takes any breach of its policies and code of conduct seriously. "We are cooperating with the authorities," the official added. The three accused are Renugunta Kalyan Kumar, Prakash, and Deveshwar Reddy. "The three were arrested for contacting taxpayers and promising to get them tax reb...

Washington, Oct 19 (PTI) America's multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report. In a major report, The Wall Street Journal said Wal-Mart's "suspected bribery" unearthed in India involves thousands of small payments to low-level local officials to help move goods through customs or obtain real-estate permits. "The vast majority of the suspicious payments were less than USD 200, and some were as low as USD 5, the people said, but when added together they totalled millions of dollars," the daily said. In 2013, Wal-Mart shelved plans to open retail stores in India by severing a joint venture with Bharti Enterprises Ltd and instead decided to become solely a wholesaler there, th...

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Infosys Sacks Three Employees on Bribe Charges

Wal-Mart paid millions of dollars in bribes in India