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.
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. ...