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Wal-Mart bribery allegations could have far-reaching impact (WMT)
A Wal-Mart store in Mexico City is shown. An extensive investigation by The New York Times into an alleged bribery effort by top executives at Wal-Mart's Mexican subsidiary could be very costly for the discount retailer, legal and retail experts said Monday.
Revelations about an alleged bribery effort and cover-up by top executives at Wal-Mart’s Mexican subsidiary could be very costly for the world's biggest retailer, legal and retail experts said Monday.
A New York Times article published over the weekend said executives deliberately obstructed an internal probe into bribery at Wal-Mart de Mexico, the company's largest international division.
The allegations, if proven true, could badly hamper the company and its management for years. They could lead to a time-consuming global probe, substantial financial penalties imposed by U.S. authorities and the departure of some executives, experts said.
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