Eduardo Castro-Wright

2 Stories

Feds Target Walmart Bribery Scam in Criminal Inquiry

Company could face 'incredibly high' penalties

(Newser) - Walmart is under criminal investigation by the Department of Justice over allegations that it doled out millions in bribes to Mexican officials in order to grow its business there more quickly, sources tell Bloomberg and the Washington Post . The US Foreign Corrupt Practices Act prohibits companies from paying foreign officials... More »

Walmart Shares Dive After Bribery Report

Probe into Mexican bribes expected to slow expansion

(Newser) - News that Walmart execs quashed a probe into bribes paid by its Mexican subsidiary sent the company's shares tumbling nearly 5% yesterday, wiping around $10 billion off the company's market value. The stock of its Mexican subsidiary, which is accused of paying officials $27 million to speed up... More »

2 Stories