Walmart Accused of Bribery & Cover Up in Mexico!

Walmart is being accused of some serious things in the news today.  The allegation is that a top executive for Walmart in Mexico uncovered bribes for all types of things in Mexico.  The steps that may get them into more hot water is what happened or didn’t happen next.  The allegation is that they covered it up and did nothing.

 

See this article:   Government officials have not commented on the allegations contained in a New York Times report published Saturday that said Wal-Mart Stores Inc. failed to notify law enforcement after its own investigators found evidence that millions of dollars in bribes had been paid in Mexico to spur the company’s rapid expansion there.

One of every five Wal-Mart stores now is in Mexico and it is that country’s largest private employer, with 209,000 employees there.

The Times said Wal-Mart shut down its internal probe despite a report by its lead investigator that Mexican and U.S. laws likely were violated by executives of its biggest foreign subsidiary, Wal-Mart de Mexico.

Mexico’s Attorney General’s Office said the probe involved six officials at two federal agencies and two state governments who allegedly took bribes from Oklahoma-based BizJet International Sales and Support Inc. in exchange of work contracts. Prosecutors said the case involved about $2 million in bribes for contracts worth at least $24 million.

See the Foreign Corrupt Practices Act, the Foreign Corrupt Practices Act of 1977 FCPA 15 U. S. C. 78dd-1 et seq. of 1934 and another concerning bribery of foreign officials, and bribery which is an act of implying money or gift giving that alters the behavior of the the Foreign Corrupt Practices Act contains an.…

Wal-Mart silenced Mexican bribe inquiry NY Times Today’s Most Interesting News San Francisco Luxury News Wal-Mart silenced Mexican bribe inquiry NY Times Today’s Most Interesting News San Francisco Luxury News. The store will open on January 25 and it will be Wal-Mart’s largest outlet in Chicago. By Nivedita Bhattacharjee Reuters Wal-Mart Stores Inc the world’s largest retailer squelched an internal investigation into allegations of bribery at its.…

If Walmart Is Bad for the Environment What About New York Nevermind the Bribes New York Observer New York Observer. If Walmart Is Bad for the Environment What About New York Nevermind the Bribes. New York Observer. First there was the New York Times story about executives hushing up a vast Mexican bribery conspiracy to win market dominance. And now in celebration of Earth Day a local opposition group is going after the company’s environmental record. Walmart and more.…

Wal-Mart probe lifts lid on culture of bribery in Mexico Reuters CTV.ca. Wal-Mart probe lifts lid on culture of bribery in Mexico. Reuters. 1 retailer or a humble street vendor paying public officials a bribe may be the quickest way to get your business growing in Mexico. The New York Times reported this weekend that Wal-Mart Stores Inc investigators probing its Mexican operations found a Walmart bribes scandal in MexicoBusiness Day. Wal-Mart silenced Mexican bribe inquiryCNBC.com. Wal-Mart investigates Mexico bribery allegationAngolaPress. all 989 news articles.…

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