Margo D. Beller
April 23, 2012
The $24 million Wal-Mart Stores’ Mexican affiliate allegedly paid in 2005 to win market dominance may look like a bribe to U.S. regulators but it’s standard operating procedure in Mexico, according to a former government official in Mexico.
Castaneda, now a New York University professor, said government on the federal level in Mexico has gotten cleaner and more transparent, but that hasn’t come to the local level. Wal-Mart is “a new company in Mexico,” only there 15 years, he said, and it might’ve made payoffs to overcome competition from local companies there 50 or 60 years.