NEW YORK (AP) — Wal-Mart Stores Inc. hushed up a vast bribery campaign that top executives of its Mexican subsidiary carried out to build stores across that country, according to a published report.
The New York Times reported Saturday that Wal-Mart failed to notify law enforcement officials even after its own investigators found evidence of millions of dollars in bribes. The newspaper said the company shut down its internal probe despite a report by its lead investigator that Mexican and U.S. laws likely were violated.
The bribery campaign was reported to have first come to the attention of senior executives at Wal-Mart in 2005, when a former executive of its largest foreign subsidiary, Wal-Mart de Mexico, provided extensive details of a bribery campaign it had orchestrated to win market dominance.
The Mexican executive, previously the lawyer in charge of obtaining construction permits, said in emails and follow-up conversations that Wal-Mart de Mexico paid bribes to obtain permits throughout the country in its rush to build stores nationwide, the Times reported.
2 comments:
I don't mean to come across as smug or anything but, so? We have our own problems in America including droves of illegals crossing the Mexican border into our country for a free ride from American taxpayers. We freely give their gangs guns with the help of the DOJ.
Do I regret any bribes made by Walmart to Mexican officials to get more of THEIR money? No!
The author of this needs to understand... this is how the Mexican government WORKS! There is no other way! At least the Mexicans know what kind of government they have.
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