So you think you know all there about Walmart and their evil ways? I’m not sure anyone could possibly know all there is regarding that matter. The store has been operating their shady business for quite some time now and the controversial news headlines have become something of a commonplace. Yet, their atrocity carries on. If you were in the dark in regards to all of this, here are five things you didn’t know about Walmart corruption.
1. EVEN THE U.S CAN’T BEAT WALMART CORRUPTION
This shouldn’t come as a surprise to anyone, but sure enough, if a company has enough money, they can get away with anything. The U.S Justice Department has been following a trail of Walmart corruption all over the world for the past four years. All their searches have reached dead ends in various ways.
2. WALMART BRIBES GOVERNMENT OFFICIALS
A recent article by Bloomberg Business shows that government officials overseas have been brought out thanks to Walmart corruption. These payments have been kept extremely confidential, and nothing more than rumors have confirmed them at this point. This only proves that money not only talks but keeps people from doing it.
3. MEXICO ACCEPTED $24 MILLION IN BRIBES
Walmart corruption hit Central America particularly hard. Back in 2011, a probe was discovered in Mexico as authorities tried to sniff around Walmart corruption. In 2012, The New York Times reported that Walmart officials paid over $24 million in bribes to Mexico in order to shut down an investigation. It worked.
4. IF CAUGHT, WALMART VIOLATED AN MAJOR ACT
The Foreign Corrupt Practices Act is a real thing and Walmart corruption techniques fall in line with the wrong side of this act. Payment to foreign officials to retain business is strictly forbidden within the act, and Walmart could face some serious charges if caught.
5. WALMART THINKS THEY’LL BE FINE
The ever so cocky Walmart is hardly affected by these government threats. In it most recent quarterly report, the company stated that even if they did get struck with a penalty, the company would not feel its effects in an operational sense. They did say a financial loss was possible but didn’t seem to be concerned with that either. They could always just pay their employees less.