Walmartrevealed that its internal probe into potential violations of anti-corruption law had extended to Brazil, China and India as it reported quarterly sales growth short of expectations and profits that matched them.
The world’s biggest retailer by sales said yesterday that investigations into allegations of bribes paid to secure new store permits in Mexico had been extended to three other emerging markets.
“Inquiries or investigations regarding allegations of potential [US anti-corruption law] violations have been commenced in a number of foreign markets where we operate, including but not limited to Brazil, China and India,” Walmart said in a regulatory filing.
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