News Alert: Wal-Mart faces federal criminal probe tied to allegations of bribery in Mexico

Monday, April 23, 2012

   
The Washington PostMonday, April 23, 2012 4:44:31 PM
ECONOMY/BUSINESS NEWS ALERT

Wal-Mart faces federal criminal probe tied to allegations of bribery in Mexico


The Justice Department is conducting a criminal probe of Wal-Mart for allegations of systematic bribery in Mexico, according to two people familiar with the matter.

Wal-Mart said over the weekend it has been meeting voluntarily with government officials at Justice and the Securities and Exchange Commission as the giant retailer runs its own inquiry into charges it bribed foreign officials to gain business for Wal-Mart de Mexico. The allegations were first brought to light by the New York Times on Saturday.


Read more at:
http://www.washingtonpost.com/business/economy/wal-mart-faces-federal-criminal-probe-tied-to-allegations-of-bribery-in-mexico/2012/04/23/gIQA7t9lcT_story.html



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