Skip to comments.Lawmakers suspect money laundering issues at Wal-Mart
Posted on 08/14/2012 4:34:05 PM PDT by Olog-hai
Two U.S. House Democrats investigating bribery allegations in Wal-Mart's Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering.
Reps. Elijah Cummings and Henry Waxman, who are the ranking members, respectively, of the House Oversight and House Energy committees, disclosed the latest details of their probe in an August 14 letter to the company.
"We have obtained internal company documents, including internal audit reports, from other sources suggesting that Wal-Mart may have had compliance issues relating not only to bribery, but also to 'questionable financial behavior' including tax evasion and money laundering in Mexico," the lawmakers wrote in their letter to Wal-Mart Chief Executive Michael Duke.
A company spokesman had no immediate comment.
(Excerpt) Read more at reuters.com ...
Questionable nasal hair maintenance and questionable Islamic sedition.
The libs hate Walmart because they won’t unionize. Smells like a witch hunt to me . . . .
Plus they need to be investigating questionable gun running into Mexico by 0bama and H0lder.
From my viewpoint, Walmart is the personification of the devil on earth.... The company continues to suck the life out of small town America. Look at the off-spring of Sam Walton...no-goodniks there.
Congress has no authority in Mexico.
Let's see, I wouldn't cross the street to piss on either of these cretins if they were on fire.
The leftist central socialist government has been laundering the money they steal from me every April 15th by handing it off to lazy-assed couch potatoes after they skim off enough to slop themselves.
There are federal laws prohibiting certain business transactions such as bribery no matter where you do it.
LMAO... Hey Elijah Cummings and Henry Waxman, shut up and get back on the prison bus.
If you can sue Holder, we can sue Walmart...so there!
Of course, no one has told me what the House Oversight and House Energy committees might have to do with Walmart's accounting system.
when ever a news story mentions congress critters without noting the party you can be sure it’s a propaganda piece.
Spare me the drama, I can accept the fact that you despise Walmart, but "the personification of the devil on earth"?
The downward spiral of this country has little to do with walmart.
I would......IF I could piss gasoline.
If Walmart will just donate millions to homosexual causes, the whole thing can go away.
A friend of mine invested in a pig farm in the Phillipines. The Pinoy managers and part owners of the pig farm have to pay a sum every month to Abu Sayaf or they will kill the pigs.
“There are federal laws prohibiting certain business transactions such as bribery no matter where you do it.”
Congress gonna investigate a pig farm in the Phillipines? Gimme a break.
Waxman and Elijah Cummings. One from the People’s Republic of Maryland and the other from the People’s Republic of California. Neither one has sense enough to pour pee out of a boot, with a hole in the Toe and directions on the heel.
How, exactly, does WalMart suck the life out of small town America?
Do you say the same thing about the Grocery store chains or the Grocery stores who sell flowers and have pharmacies? Or are you saying this just because it is WalMart?
Are not bribes the cost of doing business in Mexico?
OK...I am not an expert at “money laundering”...but if I was money laundering...I sure would not do it thru Wal Mart...even a Wal Mart in a corrupt foreign land. There are much better options (casinos, hotels)
Sounds like DNC libs with nothing better to do. They have zero jurisdiction in Mexico
In years past I did a lot of business with Wal-Mart. Any one that thinks they would set up some sort of bribery or similar scam has never done business with them.
A corrupt individual may do something on their own, but I have seen them fire a middle manager for attending a sporting event where they paid for the ticket when they attended with someone they did business with.
They video tape their own purchasing agents.
I’ve seen lots of small towns in the US become ghost towns long before Walmart was started.
As for sucking life out of some, think of this that I learned when Walmart was still Walton’s on the Bentonville square.
In high school our teacher told us that most small towns had two or more stores that sold the same thing. The purpose was so the City Fathers could show that there was “competition” in their town.
However, under the table, the stores had private handshake agreements (price fixing) to not undercut each other, thus keeping prices high. And the City Fathers, who got a cut, worked behind the scene to keep REAL competition out.
So I no longer buy the evil Walmart excuse.
Most towns became ghost towns after the schools closed and were consolidated with other larger schools.
Were you aware Walmart disclosed last April that it was conducting an internal investigation of its Mexico operations and whether those operations were violating U.S. laws prohibiting paying bribes in foreign countries? Here's the link to the Wall Street Journal from April 23, 2012.
That's when all of this started.
Plenty stinks in WDC, but I don't think you're smelling a "they won't unionize" witch hunt here.