Wal-Mart Executives Unlikely to Be Charged Over Alleged Bribes in Mexico, Report Says
The Wall Street Journal says federal investigators have turned up little to support the argument that Wal-Mart engaged in major bribery as it expanded in Mexico. The New York Times' 2012 account of how the corporate retail behemoth may have paid more than $24 million in bribes in Mexico as it expanded its presence in the country had an immediate impact. Wal-Mart's shares fell around 5 percent, which amounted to approximately $10 billion. The Department of Justice launched a probe into whether the company had violated the Foreign Corrupt Practices Act.