From Forbes: Wal-Mart Stores will likely face the wrath of the U.S.
Department of Justice for reining in an internal investigation into bribery
allegations at its Mexican subsidiary.
The New York Times reported in a blockbuster article this
weekend that a former Wal-Mart de Mexico executive, Sergio Cicero Zapata,
reported systematic bribery of Mexican government officials to top Wal-Mart
officers in 2005, but that the company “hushed up” the allegations and chose
not to report them promptly to federal prosecutors in the U.S.
According to the New York Times, the internal investigation
into whether Wal-Mart’s Mexican division paid bribes to get permits that would
allow the company to flood Mexico with new stores was handled by Jose Luis
Rodriguezmacedo Rivera, the general counsel for Wal-Mart de Mexico.
Rodriguezmacedo wrapped up the investigation quickly in 2006 and Wal-Mart did
not report any potential anti-bribery law violations to the Justice Department
till December 2011, after the New York Times alerted the company about its
reporting into the Mexico allegations.
Whether or not Wal-Mart has violated the Foreign Corrupt
Practices Act, the main U.S. anti-bribery law…
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