4 ms·
I'm not sure if it's a closed case quite yet. A few months ago the NY Times unearthed that Walmart's Mexico subsidiary was responsible for bribing lots of gover
by brown9-2 14y ago
I'm not sure if it's a closed case quite yet. A few months ago the NY Times unearthed that Walmart's Mexico subsidiary was responsible for bribing lots of government officials, and that the home office in the US covered it up and promoted the people in charge.
http://www.nytimes.com/2012/04/22/business/at-wal-mart-in-mexico-a-bribe-inquiry-silenced.html?pagewanted=all http://www.nytimes.com/2012/04/22/business/at-wal-mart-in-me...
The case is still pending, AFAIK, but the law itself doesn't make the practice non-existent.
- mbreese 14y agoOracle just settled a case today based upon their Indian subsidiary keeping a secret slush fund. It ended up being a "pay a fine with no statement of wrongdoing", but the FCPA does have some teeth. http://www.mercurynews.com/business/ci_21328339/oracle-pay-2-million-settle-india-bribery-charges http://www.mercurynews.com/business/ci_21328339/oracle-pay-2...