Mexico Wal-Mart bribery probe yields no evidence yet: watchdog
MEXICO CITY (Reuters) - Mexico's anti-corruption body has found no irregularities in its probe of permits and documents given to retailer Wal-Mart to open stores, but two audits remain underway, the agency's chief said on Friday.
The Federal Comptroller's office opened the investigation into the company's administrative procedures in April after the New York Times reported the company bribed local officials so it could open stores more rapidly in Mexico.
"We had to audit many ministries ... and so far we have not found anything that would be cause for a harsh opinion against Wal-Mart," Rafael Morgan, head of the Federal Comptroller's office, told reporters. "We don't have any case against Wal-Mart," he added, but offered no details of the two ongoing audits.
Wal-Mart de Mexico (WALMEXV.MX), owned by Wal-Mart Stores Inc (WMT.N), scrapped plans to open around 100 new stores this year and announced it would lengthen the internal process for opening new stores. The Mexican government recently announced that Wal-Mart had complied with all the rules for obtaining permits for its stores.
The U.S. Justice Department has also opened an investigation into potential violations of the Foreign Corrupt Practices Act, a U.S. law that forbids bribery of foreign officials.
(Reporting by Veronica Gomez; Writing by Alexandra Alper. Editing by Andre Grenon)
- Tweet this
- Share this
- Digg this
- Thousands raised to buy car for Pennsylvania sniper's lookalike
- WHO vaccines boss signs up as Ebola trial guinea pig
- Two dead, four wounded after student opens fire at Washington state school
- UPDATE 4-P&G to exit Duracell battery business; quarterly sales dip
- WHO says Ebola vaccine plans accelerating as trials advance
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article