Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Sunday, April 22, 2012

Wal-Mart Bribed Its Way to Success in Mexico: NY Times

There is a not-to-be-missed article on the front page of the Sunday New York Times alleging that Wal-Mart's Mexican subsidiary bribed its way to success in Mexico (currently, one in five Wal-Mart stores is in Mexico) and that top management shut down an internal investigation after the Mexican lawyer in charge of obtaining construction permits provided corporate headquarters with details about the bribe payments.  According to the Times, the allegations and Wal-Mart's investigation had never been publicly disclosed.

NYTimes, Vast Mexico Bribery Case Hushed Up by Wal-Mart
After Top-Level Struggle

http://lawprofessors.typepad.com/securities/2012/04/wal-mart-bribed-its-way-to-success-in-mexico-ny-times.html

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