Walmart Reports Losses From Bribery Probe

By: Thursday March 28, 2013 6:41 am

Walmart has told the SEC that it expects to have poor numbers this fiscal quarter due to bribery investigations the company is facing. While primarily related to the bribery probe in Mexico, Walmart is under investigation in multiple countries for corruption practices. Wal-Mart Stores (WMT) said it is ‘probable’ that the world’s largest retailer will [...]

Sheldon Adelson Admits To Bribing Foreign Officials

By: Monday March 4, 2013 5:58 am

Las Vegas Sands Corporation, run by billionaire Sheldon Adelson, has admitted in an SEC filing that it likely broke the law by violating the Foreign Corrupt Practices Act. In its annual regulatory report published by the commission on Friday, the Sands reported that its audit committee and independent accountants had determined that “there were likely [...]

House Democrats Lob Bribery, Tax Evasion Allegations at Walmart

By: Friday August 17, 2012 11:18 am

This is a couple days old, but two House Democrats have come into possession of evidence of significant crimes by Walmart, including bribery. The Democrats, Henry Waxman and Elijah Cummings, sought additional documents from Walmart on possible violations of the Foreign Corrupt Practices Act. The joint investigation by the Democrats on the House Oversight Committee [...]

Will Chamber of Commerce Call for Wal-Mart Corrupters to Be Purged?

By: Sunday April 22, 2012 10:30 am

After reading the New York Time’s excellent reporting on Wal-Mart’s pervasive bribery of foreign officials (Mexico in this case, but it’s hardly isolated to them), I remembered reading stories last year, including this excellent piece by Dan Froomkin, about how the Chamber of Commerce and major corporations were quietly but persistently lobbying Congress to water [...]

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