Wal-Mart Probes Mexico License as NYT Reports Bribery
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Wal-Mart Stores Inc., the world’s biggest retailer, said it’s investigating how it got a license for a store in Mexico as the New York Times reported its local unit bribed an official to change a zoning map.
Wal-Mart de Mexico SAB gave $52,000 to an official to redraw a 2003 zoning map that would have prohibited commercial development on a field less than a mile from the pyramids of Teotihuacan, according to the report. A former lawyer of the company known as Walmex cited the incident as he told Wal-Mart executives of how the unit used bribery, the newspaper reported.