- A Justice Department investigation into potential foreign bribery by Wal-Mart (NYSE:WMT) has found evidence of possible misconduct by the company in Brazil, after uncovering little to support sweeping allegations involving Mexico that initially sparked the probe, WSJ reports.
- Federal prosecutors reportedly are examining $500K in payments they believe ultimately went to a person hired to obtain government permits WMT needed to build two stores in Brasilia, between 2009 and 2012.
- The probe is examining whether senior WMT employees in Brazil at the time knew of and approved of the suspected payments, according to the report.