Walmart Admits Bribery Probe

    In this May 16, 2011 photo, the Wal-Mart logo is displayed in Springfield, Ill. What Wal-Mart Stores Inc. says about how it's reversing a slump in its namesake U.S. business will be at the front of analysts' minds at the company's annual meeting with Wall Street Wednesday, Oct. 12, 2011.  (AP Photo/Seth Perlman)

    Seth Perlman / AP Photo

    After a New York Times article alleged Saturday that retail giant Walmart had used bribery to expand its Mexican markets, the company responded, saying an investigation is underway. According to The Times, managers at Walmart de Mexico greased palms all over the country to gain building permits, a practice Walmart headquarters got wind of and began investigating—but only after as much as $24 million may have been laid out. “This work is ongoing and continues today,” said Walmart’s spokesman of the investigation, who added that the company doesn’t “have a full explanation of what happened.”

    Read it at Agence France Presse