NEW YORK (AP) -- Wal-Mart says allegations hushed up bribery by executives in Mexico are "not a reflection of who we are or what we stand for."
The New York Times reports a vast bribery campaign by top executives of its Mexican subsidiary was carried out to build stores across that country.
The newspaper reports that Wal-Mart failed to notify law enforcement officials even after its own investigators found evidence of millions of dollars in bribes. The newspaper said a report by its lead investigator concluded that Mexican and U.S. laws likely were violated.
Wal-Mart is Mexico's largest private employer.
A Wal-Mart spokesman says the company is "deeply concerned" and "working aggressively to determine what happened."
Wal-Mart says its latest, ongoing investigation is being handled by outside lawyers and accountants. The company also said it has tightened procedures and expanded training in Mexico.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.