Wal-Mart Kicks Off Internal Investigation

The company is acting on information gathered from an internal review and “other sources”.

Posted by Lindsay Khan in Article on December 12th, 2011
Wal-Mart has begun an internal investigation into possible violations of the FCPA.  An article by Stephanie Clifford for the New York Times Business Day reports on the details of the disclosure:

 “The company has begun an internal investigation into whether certain matters, including permitting, licensing and inspections, were in compliance with the U.S. Foreign Corrupt Practices Act,” Wal-Mart said in its quarterly filing to the S.E.C…The company did not disclose the foreign country to which its investigation pertained, or whether practices in more than one country were involved. International business made up about 30 percent of Wal-Mart’s sales in the most recent quarter, and was the fastest-growing part of the company, with sales increasing 20 percent from the same quarter a year earlier. The biggest jumps in sales came in China, Mexico and Argentina.

Read More: Wal-Mart Discloses an Internal Inquiry


Lindsay Khan
Lindsay Khan

Marketing Coordinator

Lindsay Khan is the marketing manager for i-Sight Software. With an Honours Bachelor of Commerce degree in marketing from the University of Ottawa, she brings business acumen to the subjects she covers for the company blog and website. Lindsay compiles monthly newsletters, writes and promotes downloadable guides and press releases, promotes webinars and manages our online communities.

Visit My Website