Results 1 to 3 of 3

Thread: Wal-Mart de Mexico Caught In A 'Campaign of Bribery'

  1. #1
    Judee's Avatar
    Judee is offline LOOK TO THE SUN FOR THE ANSWERS OF WHY
    Join Date
    Nov 2006
    Location
    Pacific Northwest
    Posts
    33,418

    Wal-Mart de Mexico Caught In A 'Campaign of Bribery'

    No surprise here...

    By DAVID BARSTOW
    Published: April 21, 2012

    MEXICO CITY — In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores, he said, the company had paid bribes to obtain permits in virtually every corner of the country.

    The former executive gave names, dates and bribe amounts. He knew so much, he explained, because for years he had been the lawyer in charge of obtaining construction permits for Wal-Mart de Mexico.

    Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters in Bentonville, Ark. In a confidential report to his superiors, Wal-Mart’s lead investigator, a former F.B.I. special agent, summed up their initial findings this way: “There is reasonable suspicion to believe that Mexican and USA laws have been violated.”

    Read the rest of the story at:
    http://www.nytimes.com/2012/04/22/busin ... enced.html
    You don't have a soul. You are a Soul. You have a body. ~C.S. Lewis

  2. #2
    Join Date
    Feb 2005
    Posts
    10,771
    Your right Judee... shouldn't come as any surprise.

  3. #3
    Judee's Avatar
    Judee is offline LOOK TO THE SUN FOR THE ANSWERS OF WHY
    Join Date
    Nov 2006
    Location
    Pacific Northwest
    Posts
    33,418
    Quote Originally Posted by Dark Skies View Post
    Your right Judee... shouldn't come as any surprise.
    Exactly. I didn't know bribery was illegal in Mexico. It has always been a 'way of life' down there as far as I know.
    You don't have a soul. You are a Soul. You have a body. ~C.S. Lewis

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •