|  | | 2012 News and Press Releases | | |
HEADLINE NEWS:
Wal-Mart Expands Foreign Corruption Probe
Aaron Smith
CNNMoney. June 13, 2012
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EXCERPT: Wal-Mart is expanding an investigation of alleged corrupt business practices beyond Mexico to other nations, including China, according to two Democratic congressmen. Rep. Henry Waxman of California and Rep. Elijah Cummings of Maryland, ranking members of two House committees, said the retailer's outside counsel was retained to look into anti-corruption policies and operations in Brazil and China, as well as Mexico. In a letter to Wal-Mart (WMT, Fortune 500) Chief Executive Michael Duke dated Tuesday, the congressmen also said the attorneys recommended that the probe be expanded to include operations in India and South Africa. Wal-Mart spokesman David Tovar, in response to questions about the letter, said his company has expanded the investigation. |
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