Wal-Mart mired in Mexico bribery claims
The world's largest retailer is facing claims that employees in Mexico bribed local officials - and that it knew of the payments and covered them up.
MEXICO: Mexican authorities launch Walmex probes
27 April 2012
Mexico's attorney general has launched an investigation into allegations Wal-Mart Stores' local unit bribed officials to make it easier to open stores in the country.
Talking shop: Wal-Mart hit by shock-waves from Mexican scandal
25 April 2012
Shares in Wal-Mart de Mexico y Centroamerica plummeted this week as allegations the company bribed officials to speed up store openings prompted many shareholders to offload the stock at a rate of knots. Meanwhile, concern that US regulators will pursue action against parent company Wal-Mart Stores for violations of the Foreign Corrupt Practices Act could have some far-reaching consequences for the world's largest retailer. Katy Askew reports.
US: Congress to investigate Wal-Mart bribery allegations
24 April 2012
Two US Congressmen have launched an investigation into allegations of bribery at Wal-Mart's Mexican operations, after reports emerged that it covered up some US$24m in payoffs to clear the way for store openings.
MEXICO: Walmex share price hit by corruption claims
24 April 2012
Wal-Mart de Mexico y Centroamerica saw its share price hit yesterday (24 April) as it revealed declining first-quarter margins and the market responded to the news that it was under investigation over bribery allegations.
MEXICO: Wal-Mart investigates corruption claims
23 April 2012
Retail giant Wal-Mart Stores has admitted it is investigating reports it engaged in systematic bribery to clear the way for store openings in Mexico during the early 2000s.
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