Apr 23
2012
Bribery and coverup at Walmart
Walmart’s history is punctuated with repeated allegations of predatory and anti-labor business practices. Add corruption to the list. An investigation published Sunday by The New York Times reports the retail giant engaged in systemic bribery to gain a foothold in Mexico and that corporate executives covered up the corruption when it was brought to their attention. After being informed of the corruption by a former company executive, The Times reported: Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million.[...]