Lawyers for Wal-Mart Stores Inc have identified Brazil, India, China and South Africa along with Mexico as areas having the biggest risk for corruption, according to a letter from two congressmen who are doing their own investigation into the allegations of bribery in its Mexico operations.
The letter, dated Monday, shed light on a May 21 briefing with outside lawyers from Wal-Mart, who said they had been retained to do a global anti-corruption compliance review of its operations last year.
HIGH-RISK
The attorneys from the law firms Greenberg Traurig and Akin Gump said the review focused on Brazil, China and Mexico because they represent the highest corruption risk. Based on the review, they recommended that Wal-Mart also evaluate its operations in India and South Africa.
Dave Tovar, a Wal-Mart spokesman, said the review of its anti-corruption program was worldwide. “We are taking a deep look at our policies and procedures in every country we operate.”
LEGAL PROCESS
In the letter to Wal-Mart CEO Mike Duke, Democratic US congressmen Elijah Cummings and Henry Waxman wrote that the world’s largest retailer has not provided any documents regarding the potential violations of the Foreign Corrupt Practices Act, which forbids US companies from bribing foreign officials.
The two lawmakers also said Wal-Mart has not allowed them to interview any of its employees. “Wal-Mart’s actions to date significantly inhibit our ability to investigate these allegations,” the letter stated.
The congressmen asked that information be furnished by June 26. They also want details of the lawyers’ recommendations.
“We are cooperating with the ongoing federal investigations, and as appropriate, will also continue to assist members of Congress and their staffs in understanding our efforts to address FCPA issues,” Tovar said in an emailed statement.
GRAFT INVESTIGATION
The New York Times reported in late April that Wal-Mart’s Mexican unit allegedly paid millions of dollars in bribes to speed up building permits and gain other favors. The Times said executives did not notify authorities even after Wal-Mart found evidence of the scheme.
Wal-Mart is facing at least a dozen “derivative” lawsuits, meant to change the way a company is run.
ONGOING
The plaintiffs are also seeking to recover any fines or other financial damages that Wal-Mart faces as a result of the violations and have the money be awarded to the company.
Wal-Mart, which is based in Bentonville, Arkansas, has maintained that it is committed to a full and independent investigation, but that is in the early stages of the probe.
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