Wal-Mart responds to report saying it squashed Mexico bribery probe
Sun, 04/22/2012 - 15:30 EDT - LA Times
Wal-Mart Stores Inc. said it’s a stickler for integrity, issuing a lengthy response to a New York Times article accusing the massive retailer of shutting down an investigation into alleged bribery in its Mexico operations.
Wal-Mart Stores Inc., the world’s biggest retailer, said it’s investigating how it got a license for a store in Mexico as the New York Times reported its local unit bribed an official to change a zoning map.
WASHINGTON: 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.
FAYETTEVILLE, Arkansas (Reuters) - Top executives of Wal-Mart Stores Inc made no mention of a Mexican bribery scandal at an employee pep rally on Wednesday, but asked their international workers to focus on "integrity" as a core value. The world's largest retailer has been under fire from shareholders and activists after the New York Times reported in April that management at Wal-Mart de Mexico , or Walmex, allegedly orchestrated bribes of $24 million to help it grow quickly last decade and that Wal-Mart's top brass tried to cover it up. ...