10. Walmart Mexico paid bribes to open stores: Report
Walmart Mexico paid bribes to open stores: Report
New York, Dec 19, 2012, (PTI):
Global retail giant Walmart, which is facing uproar in India over its lobbying efforts and allegations of bribery, has come under increased scrutiny after a US media report said that its Mexico affiliate bribed local officials to open stores in desired locations.
According to a New York Times investigation, Walmart de Mexico was "not the reluctant victim of a corrupt culture that insisted on bribes as the cost of doing business.
"Nor did it pay bribes merely to speed up routine approvals. Rather, Walmart de Mexico was an aggressive and creative corrupter, offering large payoffs to get what the law otherwise prohibited," the publication said.
Walmart's Mexico affiliate used bribes to subvert democratic governance — public votes, open debates, transparent procedures as well as to circumvent regulatory safeguards that protect Mexican citizens from unsafe construction. It also used bribes to outflank rivals, the report said.