Apr 27, 2012

Is Bribery 'Business As Usual' South Of Border?

NPR: "Now, we turn to a business scandal that could have repercussions on both sides of the U.S.-Mexico border. Wal-Mart, America's biggest retailer, is also Mexico's largest retailer and there, the company has been accused of paying more than $24 million in bribes to Mexican officials to obtain construction permits to build new stores.

The New York Times broke that story this weekend. If true, these actions could mean Wal-Mart violated the Foreign Corrupt Practices Act here in the U.S. That law makes it illegal for companies to pay bribes to foreign government officials and political figures and, this week, Wal-Mart has also been accused of participating in a lobbying campaign to soften that law.

The U.S. Justice Department is probing this question and, on Wednesday, Mexican officials announced that they'll be opening an investigation of their own. read more

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