The company said that its investigations regarding allegations of potential Foreign Corrupt Practices Act (FCPA) violations now extend to include Brazil, China and India.
Wal-Mart (Fortune 500) spokesperson David Tovar said that the company has spent more than $35 million on its global FCPA compliance review efforts over the past 18 months. ,
Last spring, Wal-Mart said it had been conducting an "extensive investigation" since 2011 into its compliance with a federal law that prohibits American companies from bribing foreign officials. The investigation stems from allegations that Eduardo Castro-Wright, the former CEO of Wal-Mart de Mexico and former head of Wal-Mart U.S., orchestrated $24 million worth of alleged bribes in Mexico to streamline construction projects, dating from 2005.
"We will not tolerate noncompliance anywhere or at any level of the company," Tovar said in a statement. "We are working diligently to strengthen our compliance programs and dedicating considerable resources to this effort."
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