The Traderszone Network

Published in TZ Latest News 19 October, 2015 by The TZ Newswire Staff

Wal-Mart bribery probe finds few major offenses in Mexico – WSJ

A federal probe into allegations of corruption at Wal-Mart Stores Inc’s (WMT.N) Mexico operations has found few major offenses, and is likely to result in a much smaller case than investigators expected, the Wall Street Journal reported, citing people familiar with the situation. As part of the same probe, investigators found evidence of bribery in India, centering on widespread but relatively small payments made to local officials, the Journal said. Wal-Mart is likely to face U.S. foreign-bribery charges under the Foreign Corrupt Practices Act over those payments, the newspaper said.