Wal-Mart: Probe continues in Mexico bribery case

MEXICO CITY Wal-Mart Stores Inc. (WMT) says it continues an internal investigation into allegations that its Mexico subsidiary paid bribes to get stores built and will cooperate with any investigations by authorities.

The company is responding to a new report by The New York Times saying 19 store sites across Mexico were the target of Wal-Mart bribes. Among them is a store near Teotihuacan, the site of the famous pyramids outside Mexico City.

The Times says that Wal-Mart de Mexico paid more than $200,000 to circumvent zoning and other laws preserving archaeological sites to get the store built in 2004.

A Wal-Mart statement Tuesday says the Teotihuacan store is part of the company investigation that began about a year ago.

The Times first reported on allegations of Wal-Mart bribery last April.


Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

Market News

Stock Watchlist

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App