Tag: Foreign Corrupt Practices Act (1977)

Walmart Agrees to Pay $282 Million to Settle Bribery Investigation

Walmart has agreed to pay $282 million to settle a long-running investigation into questionable payments the world’s largest retailer made to obtain government permits in countries like Mexico and Brazil. The settlement with the Department of Justice and the Securities and Exchange Commission caps one of the biggest investigations ever under the Foreign Corrupt Practices […]

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Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals

BEIJING — A trip to the sauna. A golf club membership. Luxury watches. Neatly packed bricks of red Chinese bills worth $220,000. The bribes lined the pockets of health care officials across China. Their purpose: to get public hospitals to buy millions of dollars’ worth of sophisticated medical equipment made by foreign companies like General […]

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