Wal-Mart De Mexico Scandal Wal-Mart is the largest retailer in the U.S and it is the largest private employer in Mexico. So, Wal-Mart is the jewel of its global business empire. According to the blockbuster report in New York Times on 21 April 2012 by David Barstow, he stated that Wal-Mart involved in Foreign Corrupt Practices Act scandal. Wal-Mart didn’t successful in dominating the Mexican market as it almost certainly in violation of U.S and Mexican Law. September 2005, a former commercial real estate executive of Wal-Mart de Mexico who is Sergio Cicero (resigned in 2004) had blew the whistle on a massive bribery scheme that in the explosive growth in the Central American country by officials to speed up permits and ignore laws. Instead of an independent outside counsel, investigation is being control by an internal Wal-Mart team. Then they found evidence that show of more than $24million in suspect payments, approved by Walmex’s top executives but hidden from the Bentonville, Ark., home office. Wal-Mart had buried the This is because the alleged bribery in Wal-Mart’s fastest growing market had violates the company’s public commitment in maintaining their highest moral as well as ethical standards. Then, Eduardo Castro-Wright, Walmex, who is the CEO from 2002 to 2005 is still in the company as they are being cover-up. On 2012, Walmart vice Chairman is the one who act as the driving force behind the rampant bribery, the board of Wal-Mart who is CEO H. Lee Scott Jr. and current CEO Michael Duke was in charge of all foreign subsidiaries in 2005.also still in the company. Thirdly, Wal-Mart’s own investigator also informed top Wal-Mart officials that “there is reasonable suspicion to believe that Mexican and USA laws have been violated,” but the company did not inform U.S. law enforcement until this issue is split out by The Times after five years
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