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The DOJ has begun a criminal probe of Wal-Mart (WMT) for allegations of systemic bribery in...

The DOJ has begun a criminal probe of Wal-Mart (WMT) for allegations of systemic bribery in Mexico, according to sources. The U.S. Foreign Corrupt Practices Act bans companies from bribing foreign officials to win business, and enforcement of such has been stepped up in recent years.
Comments (12)
  • jgalt
    , contributor
    Comments (4) | Send Message
     
    You can't do serious business in Mexico without taking care of the guys in power. In the US we call it donating to politicians and lobbying. You think all the rich guys that host Obama fund raisers in their houses aren't looking for some influence? What a joke.
    23 Apr 2012, 05:07 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
     
    jgalt, you are spot on. If you want to do business in Mexico, you must play the game by their rules. It's just like China, if you want to play you have to pay.
    Is the DOJ going after Walmart because they haven't made them monthly payment to the Obama re-election campaign. Why doesn't the DOJ investigate itself for it's role in the Fast and Furious fiasco. Pot, meet kettle.
    23 Apr 2012, 05:18 PM Reply Like
  • runlong
    , contributor
    Comments (93) | Send Message
     
    that's correct, want anything from Mexico, you have to pay the Drug boys big bucks.....The DOJ needs to take all there over payed boys and hit Mexico with some lead. Then wmt and who ever else can do an honest business there. Damn desk jockeys ....
    23 Apr 2012, 05:19 PM Reply Like
  • Apple Diner
    , contributor
    Comments (209) | Send Message
     
    Apparently the right people in the US weren't paid off.
    23 Apr 2012, 05:30 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    I used to run international business operations for a U.S. firm. Foreign competitors would laugh themselves silly at our utopian do-gooderism. Not a "realpolitik" bone in our naive bodies.
    23 Apr 2012, 05:36 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3777) | Send Message
     
    MF Global, a bunch of TBTF banksters, Mtg brokers, Realwhores and trillion in losses but few if any arrests?????

     

    Pathetic how rigged and corrupt this country has become. VOTE!
    23 Apr 2012, 07:17 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3528) | Send Message
     
    Interesting how a tolerant country like ours can insist that all operations in foreign countries must conform to our legal interpretations. This may make us unliked in some quarters and warrant an apology by our commander in chief.
    23 Apr 2012, 09:03 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3290) | Send Message
     
    Sure guys, ignore and/or legalize corruption. The free-market system is just a sham, Soviet system is so much better. Why enforce any law?
    23 Apr 2012, 09:06 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3528) | Send Message
     
    Wal-Mart is a union target and the democrat party is in deep debt to the unions. It's a fair question if Wal-mart is going to be held to a higher standard than G.E. or any of Warren's companies.
    23 Apr 2012, 10:11 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    The laws they went around are stupid anyway. I am sure all the permitting officials demanded these bribes before approving the construction permits. Wal-Mart greased the wheels and improved the economy of Mexico with these actions. And now they are being punished.

     

    Many times, "corruption" is just another word for getting around ridicilous and stupid laws and/or politicians to get real business done. I feel bad for Wal-Mart.
    24 Apr 2012, 01:42 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3290) | Send Message
     
    There I must agree with you. Sometimes it is not the regulation that must be adhered to, but the "fee" the official charges you.
    24 Apr 2012, 06:43 AM Reply Like
  • Oilman2
    , contributor
    Comments (3) | Send Message
     
    I will point out one error in this article. The FCPA does not apply in other countries due to the OECD. It has extraterritorial application due to its statutory language but still requires that the illegal activity be committed by an actor with some jurisdictional nexus to the USA - ie. a US person or a company that has listed its shares on a US stock exchange or used a US financial institution to further its scheme.The OECD does have its own anti-bribery convention but it is not enforced anywhere near the level of the FCPA.
    25 Apr 2012, 05:19 AM Reply Like
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