May
2013
Sunday, April 22, 2012
AP, Associated Press
Submitted by: KZ

Walmart’s Mexico Expansion Bribery Scandal

The Associated Press reported this week that America's favorite discount store silenced a broad campaign of bribery carried out by top executives at one of their Mexican subsidiaries.

[AP] The bribery campaign was reported to have first come to the attention of senior executives at Wal-Mart in 2005, when a former executive of its largest foreign subsidiary, Wal-Mart de Mexico, provided extensive details of a bribery campaign it had orchestrated to win market dominance by fraudulently obtaining building permits.

The growth of Wallmart in Mexico has been so explosive that the country now hosts one in every five stores globally.

Posted by Editor on 04/22/12 at 02:51 PM •  (0) Comments

Tags:  fraud, corporation,

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"I'm not an angel but I'm not a crook. I have not done anything that any other public official hasn't done."
Jimmy Dimora

graphic