US lawmakers release Walmart bribery papers

Image
Press Trust Of India New York
Last Updated : Jan 29 2013 | 2:34 PM IST

US lawmakers have released emails that show Walmart's top leadership was aware of allegations of bribery in its Mexico operations as early as 2005 but the global retail giant said it has provided this information to law enforcement authorities as part of investigation into the bribery allegations.

Congressman Elijah Cummings of Maryland and Henry Waxman from California, who are investigating bribery charges at Walmart's Mexico unit, announced yesterday they had documents which confirmed that Walmart CEO Michael Duke and other high-ranking personnel were personally informed about the bribery allegations as early as October 2005, according to a CNN report.

Walmart is also facing allegations of bribery in its operations in India, China and Brazil and the retailer had said last November that it was broadening its investigation to look into these allegations.

The emails indicate that Walmart CEO Mike Duke and other top company officials had been informed as early as 2005 about bribes being made in the Mexico.

“It would be a serious matter if the CEO of one of our nation's largest companies failed to address allegations of a bribery scheme,” Waxman and Cummings said in a letter written to Duke.

The company refuted claims made by the Congressmen saying that the information released in the emails was nothing new and had been provided by Walmart to the investigating authorities.

“There is no new information in the letter released on Friday by Congressman Waxman and Congressman Cummings. This information has been part of the company's ongoing investigation of potential violations of the US Foreign Corrupt Practices Act for more than a year and has been the subject of two New York Times articles,” the retailer said in a statement.

It added that the “letter from Congressmen Waxman and Cummings leaves the wrong impression that our public statements are contradicted by the information they released on Friday.

“The fact is, the chronology of events relied upon in their letter is inaccurate. The company statement referenced in their letter that appeared in the December 2012 New York Times story focused on events in 2004. The emails attached to the letter were sent almost a year later.”

The allegations of bribery were first reported by the New York Times last year.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 12 2013 | 12:28 AM IST

Next Story