Wal-Mart mired in Mexico bribery claims Archives - Just Food
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Wal-Mart mired in Mexico bribery claims

Talking shop: Wal-Mart hit by shock-waves from Mexican scandal

Talking shop: Wal-Mart hit by shock-waves from Mexican scandal

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.

MEXICO: Walmex share price hit by corruption claims

MEXICO: Walmex share price hit by corruption claims

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.