Wal-Mart Mexico Bribe Scandal Surfaces

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Margo D. Beller
CNBC.com
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.

“I have no idea how Wal-Mart operates but I do know how Mexico operates,” former foreign minister Jorge Castaneda told CNBC’s Squawk on the Street Monday.

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.

Read full article

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







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
BLM & Harry Reid's War on Ranchers See the rest on the Alex Jones YouTube channel.

Green Police: The New Tyranny See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.