Business Standard

India to Mexico, Walmart accused of paying bribes for profits worldwide

A 'sorceress' in Brazil, a 'wink' in India: Walmart pleads guilty after a decade of bribes

Walmart has picked up 77 per cent in Flipkart
Premium

Walmart has picked up 77 per cent in Flipkart

Michael Corkery | NYT
Inside Walmart’s corporate offices in Brazil, one local contact was known as the “sorceress” for the ability to obtain government permits quickly.
 
In India, concerns about bribery were met with a “wink and a nod” by Walmart’s local business partner. In China, money was funnelled to a local landlord for “government relationship consulting services.” And in Mexico, cars and computers were donated to governments in communities where Walmart was planning to build new stores.
 
For more than a decade, Walmart used middlemen to make dubious payments to governments around the globe in order to open new locations, United

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in