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Reuters reports that if allegations that Walmart engaged in systemic, systematic and aggressive bribery of Mexican officials as a way of greasing the wheels for its expansion there, which would be a violation of the Foreign Corrupt Practices Act (FCPA), it could be facing sizable fines.

According to the story, "In the largest FCPA case to date, Siemens paid $800 million to resolve allegations of widespread bribery in 2008. In other sizable cases, KBR and its former parent Halliburton paid $579 million in 2009, and BAE Systems paid $400 million in 2010."

Walmart is conducting its own internal investigation as well as cooperating with probes launched by the US Congress, the US Justice Department and the US Securities and Exchange Commission (SEC).
KC's View:
I remain fascinated by the idea that Walmart is conducting an extensive internal investigation and that it is going to take time to reach conclusions. That just strikes me as malarkey ... because they know what happened and who did what. Now, it is just a matter of circling the wagons and evaluating legal options.