Democracy Now: Wal-Mart Faces Bribery Scandal in Mexico
Wal-Mart is facing a major bribery scandal that could find the company charged with violations of the Foreign Corrupt Practices Act. The New York Times has revealed Wal-Mart executives in Mexico paid out more than $24 million in bribes to obtain permits to build stores in the country, and then corporate executives in the United States attempted to cover up the bribes. According to the Times, current Wal-Mart chief executive Mike Duke and former CEO Lee Scott, who still sits on the company’s board, were among senior executives allegedly aware of the situation. No one from Wal-Mart notified U.S. or Mexican law enforcement officials until the Times began investigating the story.