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Walmart faces bribery fallout

Mexico allegations may lead to fines, exits of executives

By David Welch and Thom Weidlich

 |  Washington Post  

  April 24, 2012

Wal-Mart Stores’s probe of possible bribery in Mexico may prompt executive departures and steep U.S. government fines if it reveals senior managers knew about the payments and didn’t take strong enough action, corporate governance experts said. Wal-Mart said it is looking into a New York Times story that said its representatives in Mexico bribed local officials to get stores opened faster and that executives probed allegations as far back as 2005.

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