Apr 27, 2012
(Reuters) – Wal-Mart Stores Inc (WMT.N) may not find the math easy when it tries to assess the potential criminal liabilities from an alleged bribery scandal and possible cover-up at its Mexican unit.
Whether a potential settlement with U.S. authorities involves several hundreds of millions of dollars of penalties, or even billions, will likely depend on how many allegedly improper payments are eventually discovered and the extent of the alleged financial gain.
Wal-Mart is under investigation over allegations its Mexican unit paid $24 million in bribes to accelerate its Latin American growth. The outcome of any potential government case will likely hinge on whether U.S. investigators – and Wal-Mart itself – uncover more alleged bribery around the world,
To read this report from Reuters, please click here.
and remember one thing–in China, Wal-Mart is unionized.