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    Posted April 25, 2012 by
    k3vsDad
    Location
    Farmersburg, Indiana
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    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.

    http://reuters.com/article/2012/04/25/us-walmart-idUSBRE83O1BP20120425?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+(Reuters+World+News)

    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.

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