Lawmakers Suspect Money Laundering Issues At Wal-Mart
Previously I reported on the news that Walmart was engaged in widespread bribery all over Mexico which of course only made news because they failed to bribe the right people
Walmart Covered Up Millions In Bribes All Over Mexico
Walmart covered up millions of dollars in bribes paid out year after year to officials all over Mexico in order to obtain and expedite building its stores.
An investigation has revealed evidence that Walmart has paid out over $24 million dollars in bribes to officials all over Mexico in order to obtain and expedite building of the companies stores.
According to reports from the corporate media, US executives didn’t initially know that executives in Mexico were partaking in the bribery of government officials.
While it is more likely that US executives were just as complicit and the media is just running damage control, the official story goes on to state that even after US executives learned about the bribes they killed an investigation into the scandal and helped cover it up.
Even worse, is the executive behind the network of bribes in Mexico was promoted and international Vice Chairman of Walmart.
Walmart then modeled its international expansion plans based on ‘impressive growth model used in Mexico’
Even when executives at the Walmart headquarters in the United States was presented with evidence that US and Mexico laws were being broken, the executives returned to the same people who were implicated in the bribery scandal to investigate themselves.
It was only in December when the NY Times broke the story that they uncovered evidence of Mexico officials being bribed that Walmart finally told the US Justice Department that they would investigate and even then downplayed the situation as a limited discrete incident.
Instead the Times further discovered “that bribery played a persistent and significant role in Wal-Mart’s rapid growth in Mexico”
Certainly, it is not unreasonable to conclude that if the culture of this corporation has abided in the commission of such felonious acts in Mexico then odds are it has engaged in such rapacious behavior in other nation and within the US.
Hence, there should be the launching of an immediate investigation into the permits of all Walmart stores and buildings constructed worldwide.
Furthermore, it is almost unfathomable that the US government for years did not know that this was occurring giving the incredibly huge amount of times, assets and manpower invested into intelligence operations in Mexico as part of the War on Drugs.
If anything, this whole thing stinks of a plot to get Walmart off the hook for having to continue to payout bribes and blackmail mail fees now that they have grown into Mexico’s largest employer.
[...]
Now as that investigation continues the media and the investigators are reporting on the obvious – to conduct the bribery money laundering was also involved.
As Cryptology points asks ”I wonder what other activities this invovles?”
Money laundering and bribery. In Mexico. Gee, I wonder what other activities this involves?
(Rhetorical question of the year.)
Via: Reuters:
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.
Source: Cryptogon
Stay up to date with the latest news:
Twitter: https://twitter.com/#!/kr3at
Facebook: http://facebook.com/alexhiggins732
Live TV And Videos: Higgins TV
Website: The Alexander Higgins Blog
Headlines: Real-time News Headlines
Source: Lawmakers Suspect Money Laundering Issues At Wal-Mart ©
Copying or redistribution of this material requires that this license must remain intact with attribution to the content source.
Related Posts
2012-08-16 18:27:20
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).