Saturday, October 5, 2019
Essay Article Example | Topics and Well Written Essays - 250 words
Essay - Article Example r states that the total amount of bribes was more than $24million and even the top level executives of the organization were aware about this ethical violation. These practices by the Wal-Mart are against the legal laws of its base nation. Wal-Mart had violated the legal rules that are stated within the Foreign Corrupt Practices Act. Under this act a local organization is not allowed to bribe officials in foreign markets. Due to this malpractice, the organization started an internal investigation and identified that during the period of 2005 the vice chairman of the organization involved in increasing the expense account of the organization and was making wrong entries in the gift cards account of the organization. Furthermore the article states that the internal investigations were not even clean and were rather conducted to clear the top officials instead of dealing with those who were involved in the unethical practice of bribing. The article even states that those individual who were held responsible for the practice were themselves investigating the case and due to this a clean investigation never took place. Barstow, D. (2012). At Wal-Mart in Mexico, a Bribe Inquiry Silenced. Nytimes.com. Retrieved 23 December 2014, from
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