Walmart To Pay $282M To End Government's FCPA Claims
By Rachel Graf (June 20, 2019, 1:53 PM EDT) -- Walmart Inc. agreed Thursday to pay more than $282 million to settle allegations by U.S. authorities that it violated the Foreign Corrupt Practices Act by failing to ensure subsidiaries in Brazil, China, India and Mexico had adequate anti-corruption programs.
Walmart will pay more than $282 million to resolve civil claims and criminal charges brought by the government, which said the retailer failed to curb potential corruption at foreign subsidiaries. (AP)
For almost 11 years, the retailer's subsidiaries allegedly bribed local officials to win various approvals related to store projects or had other failings with their anti-corruption policies, according to authorities. Walmart...
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