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October 19, 2015

High-Profile Federal FCPA Probe into Wal-Mart Finds ‘Little in Way of Major Offenses’

The three-year Foreign Corrupt Practices Act (FCPA) investigation into Wal-Mart’s activities in Mexico “has found little in the way of major offenses, and is likely to result in a much smaller case than investigators first expected.”

The probe reportedly has even uncovered evidence “that contradicted some of the allegations” in a high-profile New York Times report that preceded the investigation.

“The U.S. government’s probe involved some two dozen prosecutors, agents and investigators from the Justice Department, the Federal Bureau of Investigation, the Securities and Exchange Commission and the Internal Revenue Service’s criminal investigations unit,” reports the Wall Street Journal.

Even so, “the federal findings so far largely match up with the results of an internal probe Wal-Mart launched in the wake of questions from the New York Times.”

Read the full story here.

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