Walmart’s International Bribery Probe Widens to China, Brazil and India
Filed under: Company News, Wal-Mart Stores, Retail, Crime, International
Can a company become, and stay, the world’s top retailer without cutting a few legal corners?
Walmart (WMT) announced Thursday that an internal investigation into bribery accusations, originating in Mexico, has broadened to include operations in Brazil, China and India. The disclosure came in a Securities and Exchange Commission filing tied to third-quarter financial results.
The widening inquiry was more bad news for the Arkansas-based multinational: Revenue and fourth quarter profit outlook…
Walmart’s International Bribery Probe Widens to China, Brazil and India originally appeared on DailyFinance.com on 2012-11-16T16:13:00Z.
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