Lawmakers Pressure Wal-Mart To Comply With FCPA Probe

Law360, New York (August 14, 2012, 10:16 PM EDT) -- Top House Democrats told Wal-Mart Stores Inc. it had one last chance to cooperate with their investigation of alleged corruption in the megachain's Mexican operations before they go public with the findings, which include additional suggestions of "questionable financial behavior," according to a letter sent Tuesday.

Writing to CEO Michael T. Duke, Reps. Elijah Cummings, D-Md., and Henry Waxman, D-Calif., said that despite the company's repeated stonewalling, their investigation had uncovered evidence that points to potential violations of the Foreign Corrupt Practices Act in Mexico that...
To view the full article, register now.