Wal-Mart Spends $230 Million on Mexican Bribery Investigation Mark Friedman - Arkansas Business
go to original June 10, 2013

Bloomberg: Wal-Mart Shareholders Question Mexico Bribe Scheme (Bloomberg)

In November 2011, Wal-Mart Stores Inc. informed federal agencies that it was conducting an internal investigation into allegations involving a Mexican bribery scandal.

While the internal investigation and its related activities have cost Wal-Mart at least $230 million through April 27 of this year, the move was the right one, according to legal experts who follow Foreign Corrupt Practices Act enforcement.

But what’s not widely known is that the Department of Justice and the Securities & Exchange Commission allow corporations — or, rather, strongly encourage them — to hire their own investigators to look into allegations of violations of the FCPA and other wrongdoing.

In many cases, the findings of those internal investigations are then handed over to the DOJ and SEC, which can then use the findings as a basis for a possible settlement.

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