Cases of Walmart bribe millionaires discovered in several countries


Walmart has agreed to pay a fine of $ 144 million to the Securities and Exchange Commission and another $ 138 million to the Justice Department, the SEC said.

The retail giant has been accused of allowing its subsidiaries in Brazil, China, India and Mexico to turn to third parties to bribe local authorities and thus facilitate the company's implementation in those markets.

In Mexico, a former attorney at Walmart's local subsidiary admitted in 2005 that he oversaw for many years a system of payment to local authorities for licenses and exploration licenses.


Walmart Brazil, in turn, had an intermediary who quickly secured authorizations to build stores.

In India, between 2009 and 2001, intermediaries were paid in exchange for licenses to open facilities. These payments were included in the accounts as "miscellaneous expenses" or "business expenses".

In China, US authorities discovered several fraudulent activities between 2003 and 2011.



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