More On

Wal-Mart may have covered up bribery in Mexico

New York Times article says the world’s largest retailer hid FCPA violations

It’s bad enough that Wal-Mart de Mexico allegedly engaged in criminal activity to expedite its expansion throughout the country south of the border by paying bribes to Mexican officials, but when those allegations came to light at its parent company, Wal-Mart, the world’s largest retailer, swept it under the rug. At least, that’s what a New York Times article published over the weekend claims.

According to the article, “Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle,” a senior lawyer at Wal-Mart received an email in 2005 from a former Wal-Mart de Mexico executive, claiming the company engaged in rampant Foreign Corrupt Practices Act (FCPA) violations in an effort to win market dominance. The investigation, which immediately followed the allegations, uncovered a long trail of potentially illegal payments totaling more than $24 million.


Cathleen Flahardy

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.