Walmart to pay $282 million to settle seven-year global corruption probe | Reuters

Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act.

The retailer will pay more than $144 million to settle charges by the Securities and Exchange Commission and about $138 million to resolve parallel criminal charges by the U.S. Department of Justice, according to court and regulatory filings.

via Walmart to pay $282 million to settle seven-year global corruption probe | Reuters