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Wal-Mart Bribery Probe Is Nearing Completion, U.S. Prosecutors Say

March 18, 2016: 12:00 AM EST
U.S. prosecutors are nearing completion of their international probe into bribery allegations against Wal-Mart Stores Inc. During the four-year investigation, which covered Mexico, Brazil, India, and China, U.S. Justice Department officials have faced various challenges, including in Mexico where results of investigation were too old to be used as evidence. In China, prosecutors saw their work hampered by the country’s disclosure rules and lack of evidence. Wal-Mart has promised to cooperate with U.S. authorities and spent almost $750 million on its own probe and on reorganizing its compliance operations.
Tom Schoenberg & Shannon Pettypiece, "Wal-Mart Probe in Final Lap With Scant China Findings", Bloomberg, March 18, 2016, © Bloomberg L.P.
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