Wal-Mart Snagged in Mexican Bribery Scandal

On Saturday, The New York Times published an investigative article that reported executives of Wal-Mart de Mexico, the largest foreign subsidiary of Wal-Mart Stores Inc., may have engaged in “widespread bribery” to accelerate the company’s expansion in Mexico. After the article was published, Wal-Mart officials acknowledged the Bentonville, Ark.-based retailer is investigating possible violations of U.S. law that ban bribery in foreign countries. The Wall Street Journal reported Wal-Mart first disclosed the internal probe in a December filing with the U.S. Securities and Exchange Commission.