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Report: Wal-Mart Hushed Up Bribe Network in Mexico

7:52 PM, Apr 21, 2012   |    comments
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NEW YORK (AP) - A published report says Wal-Mart hushed up a vast bribery campaign that top executives of its Mexican subsidiary carried out to build stores across that country.

The New York Times reported Saturday that Wal-Mart Stores Inc. failed to notify law enforcement officials even after its own investigators found evidence of millions of dollars in bribes.

The bribery campaign was reported to have first come to the attention of senior executives at Wal-Mart in 2005, when a former executive of its largest foreign subsidiary, Wal-Mart de Mexico, provided extensive details of a bribery campaign it had orchestrated to win market dominance.

Wal-Mart, which is based in Bentonville, Ark., issued a response Saturday saying that it takes compliance with that law very seriously. It says it's "working aggressively to determine what happened."

Associated Press

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