Wal-Mart says internal probe continues in Mexico bribes case

By Associated Press ?|? December 19, 2012

Wal-Mart Stores Inc. says it continues an internal investigation into allegations that its Mexico subsidiary paid bribes to get stores built and will co-operate with any investigations by authorities.

The company is responding to a new report by The New York Times saying 19 store sites across Mexico were the target of Wal-Mart bribes.

Among them is a store near Teotihuacan, the site of the famous pyramids outside Mexico City.

The Times says that Wal-Mart de Mexico paid more than $200,000 to circumvent zoning and other laws preserving archaeological sites to get the store built in 2004.

A Wal-Mart statement Tuesday says the Teotihuacan store is part of the company investigation that began about a year ago.

The Times first reported on allegations of Wal-Mart bribery last April.

Source: http://www.canadiangrocer.com/top-stories/wal-mart-says-internal-probe-continues-in-mexico-bribes-case-19468

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