The Lawyers of the Multi national retail giant Wal-Mart named certain countries as 'risky'. The lawyers said that teh five were Brazil, India, China, South Africa and Mexico. They expressed that the risk was due to the high level of corruption prevailing. As India is contemplating opening teh Foreign Direct Investments in the retail sector this report is sure to have an ill effect on the partcipation. Lawyers for Wal-Mart Stores Inc have submitted the report according to a letter from two congressmen who are doing their own investigation into the allegations of bribery in its Mexico operations.

The letter, dated Monday, shed light on a May 21 briefing with outside lawyers from Wal-Mart, who said they had been retained to do a global anti-corruption compliance review of its operations in 2011. The attorneys from the law firms Greenberg Traurig and Akin Gump said the review focused on Brazil, China and Mexico because they represent the highest corruption risk. Based on the review, they recommended that Wal-Mart also evaluate its operations in India and South Africa.

Dave Tovar, a Wal-Mart spokesman, said the review of its anti-corruption program was worldwide. "We are taking a deep look at our policies and procedures in every country we operate," he said.

In the letter to Wal-Mart CEO Mike Duke, Democratic congressmen Elijah Cummings of Maryland and Henry Waxman of California wrote that the world's largest retailer hasn't provided any documents regarding the potential violations of the Foreign Corrupt Practices Act, which forbids U.S. companies from bribing foreign officials. The congressmen ask that information be furnished by June 26. They also want details of the lawyers' recommendations. (With inputs from internet-AarKay)