Business Maverick: Walmart Pays $282 Million to End Long-Running Bribe Probes

In parallel announcements on Thursday, the Justice Department and the Securities and Exchange Commission faulted the country’s largest retailer over payments made to fast-track store openings in Mexico, China, Brazil and India. Walmart will pay about $138 million in criminal penalties and $144 million in disgorgement to resolve the SEC’s allegations.WMT Brasilia pleaded guilty Thursday to failing to keep accurate records, while the U.S.

“The case may not have turned out to be as good or as fruitful as the government thought,” said Michael Koenig, a former federal prosecutor now a partner at Hinckley, Allen & Snyder. “This notion that the government is only successful if it gets a conviction or a billion-dollar settlement is just plain wrong.

But the Walmart case posed challenges for investigators. Much of the conduct uncovered in Mexico, for example, couldn’t be used as evidence because it was too old, people familiar with the matter have

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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Business Maverick: Trump Moves From Trade War Toward Currency WarPresident Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.
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Business Maverick: Gold Jumps to 5-Year High as Fed Signals Ready to CutGold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates.
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