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.
This article was posted: Monday, April 23, 2012 at 11:51 am