Apr 30, 2012
We’ve been hearing a lot about Walmart and their activities involving worker wages in pursuit of controlling the retail markets in this country and about their membership in ALEC. We’ve also learned that they and ALEC have also been involved in trying to weaken federal laws prohibiting acts of bribery of foreign officials while they [...]
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 [...]
Apr 27, 2012
(Reuters) – Mexico said on Wednesday it would open an investigation into allegations that the Mexican unit of Wal-Mart Stores Inc bribed officials to expand its business there, piling pressure onto the embattled retail giant. Guillermo Tamborrel, a senator for President Felipe Calderon’s conservative National Action Party (PAN), said the scandal had tarnished Mexico’s reputation. [...]
Apr 26, 2012
By Kate Ackley and Eliza Newlin Carney Roll Call Staff April 24, 2012 After several years of relative calm, Walmart is once again in Capitol Hill’s cross hairs. Despite Cummings and Waxman’s interest in an investigation, House Republicans have signaled that they have no interest in probing the matter. Roll Call reports that Wal-Mart enlisted [...]
Apr 26, 2012
By Lee Fang | Apr 25th 2012 This morning, Oversight Committee members Congressman Elijah Cummings and Henry Waxman announced that they will begin a probe of Wal-Mart’s lobbying. In a press release, Cummings announced that he has sent letters to Tom Donohue and Greg Steinhafel, leaders of the U.S. Chamber of Commerce and the Retail [...]
Apr 25, 2012
By: Sarah Jones | April 23, 2012 The Depart of Justice is investigating Wal-Mart for possible violations of a federal law. To put this in perspective, in 2008, Siemens AG paid a $450 million fine for violating the FCPA (Foreign Corrupt Practices Act). Apparently, money can buy more than elections – money can also buy [...]
Apr 24, 2012
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 [...]
