Lawmakers Suspect Money Laundering Issues at Wal-Mart
August 15th, 2012Money laundering and bribery. In Mexico. Gee, I wonder what other activities this involves?
(Rhetorical question of the year.)
Via: Reuters:
Two U.S. House Democrats investigating bribery allegations in Wal-Mart’s Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering.
Reps. Elijah Cummings and Henry Waxman, who are the ranking members, respectively, of the House Oversight and House Energy committees, disclosed the latest details of their probe in an August 14 letter to the company.
“We have obtained internal company documents, including internal audit reports, from other sources suggesting that Wal-Mart may have had compliance issues relating not only to bribery, but also to ‘questionable financial behavior’ including tax evasion and money laundering in Mexico,” the lawmakers wrote in their letter to Wal-Mart Chief Executive Michael Duke.
A company spokesman had no immediate comment.
