Tag: overseas units

• Friday, June 21st 2019 - 09:22 UTC

  Walmart agrees to pay millions to settle corruption practices in overseas units

  

  Walmart Inc said on Thursday it will pay US$382 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. The retailer will pay more than US$144 million to settle charges by the Securities and Exchange Commission and about US$138 million to resolve parallel criminal charges by the U.S. Department of Justice, according to court and regulatory filings.