- Posted April 25, 2012 by
This iReport is part of an assignment:
Mexico Now Investigating Wal-Mart Bribery Scandal
As I wrote about this past Saturday, Wal-Mart has been accused of widespread bribery in Mexico while expanding its operations there. Wal-Mart is now not only a target of US agencies investigating the claims, but Mexico is now launching its own investigation into the world's largest retail store.
Mexico said on Wednesday it would open an investigation into allegations that the Mexican unit of Wal-Mart Stores Inc bribed officials to expand its business in Mexico, piling pressure onto the embattled retail giant.
The Mexican federal comptroller's office said it has begun checking the federal paperwork and permits Wal-Mart de Mexico, known as Walmex, obtained to open and operate its stores in Mexico.
The comptroller's office added that it would ask U.S. authorities for information on the case, in order to carry out its investigation and that the federal government would take action if wrongdoing by public officials was detected.
Wal-Mart already faces a criminal probe by the U.S. Department of Justice over potential violations of the Foreign Corrupt Practices Act (FCPA), a U.S. law that forbids bribing foreign officials. Wal-Mart did not immediately comment on the Mexican investigation.
From the Cornfield, looks like the Bentonville, Arkansas company may be in for a long, hot summer under the glare of both US and Mexican investigators.