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Walmart Agrees to Pay $ 282 Million to Settle Bribery Illustration



Walmart has agreed to pay $ 282 million to reside in a prolonged investigation of the undeniable payment of the world's largest retailer made to obtain government permits in countries such as Mexico and Brazil.

The agreement with the Department of Justice and the Securities and Exchange Commission is one of the largest investigations under the Foreign Corrupt Practices Act, which makes it illegal for American corporations to bribe foreign officials.

The investigation, conducted by two federal agencies, came after the New York Times announced in 2012 that Walmart made suspicious payments to officials in Mexico and then tried to hide them from at the company's headquarters in Bentonville, Ark.

The Times survey includes extensive interviews with a former Walmart executive in Mexico, describing how the company delivered monetary envelopes to officials who bought zoning approvals, reduced fees the environment and the faithful


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