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Wal-Mart says it is conducting an "extensive investigation" into its compliance with a federal law that prohibits American companies from bribing foreign officials.
The allegations date back to 2005, when a former Wal-Mart de Mexico executive supposedly e-mailed one of Wal-Mart's senior lawyers, spelling out how the company had paid more than $24 million in bribes to secure construction permits throughout Mexico.
The Times said its investigation included 15 hours of interviews with former Wal-Mart executive Sergio Cicero Zapata, who said he had personally facilitated many of the alleged payoffs, which bought zoning approvals and cleared bureaucratic hurdles.
Wal-Mart acted on the information by swiftly conducting its own investigation -- and then just as swiftly moving to conceal it from U.S. and Mexican authorities.
http://money.cnn.com/2012/04/22/news/companies/walmart-mexico-bribery/
If only mega-corporations - which have the same rights as persons - didn't have burdensome government regulations to contend with, eh, conservatives?
The allegations date back to 2005, when a former Wal-Mart de Mexico executive supposedly e-mailed one of Wal-Mart's senior lawyers, spelling out how the company had paid more than $24 million in bribes to secure construction permits throughout Mexico.
The Times said its investigation included 15 hours of interviews with former Wal-Mart executive Sergio Cicero Zapata, who said he had personally facilitated many of the alleged payoffs, which bought zoning approvals and cleared bureaucratic hurdles.
Wal-Mart acted on the information by swiftly conducting its own investigation -- and then just as swiftly moving to conceal it from U.S. and Mexican authorities.
http://money.cnn.com/2012/04/22/news/companies/walmart-mexico-bribery/
If only mega-corporations - which have the same rights as persons - didn't have burdensome government regulations to contend with, eh, conservatives?