Alva Review-Courier -

Walmart to pay $282 million over foreign corruption charges

 


ALEXANDRIA, Va. (AP) — Walmart agreed Thursday to pay $282 million to settle federal allegations of overseas corruption, including funneling more than $500,000 to an intermediary in Brazil who was known as a "sorceress" for her uncanny ability to make construction permit problems disappear.

U.S. authorities went after Walmart under the Foreign Corrupt Practices Act, which prohibits American companies operating abroad from using bribery and other illegal methods.

The nation's biggest store chain settled both civil charges brought by the Securities and Exchange Commission and a criminal cas...



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