Walmart Pleads Guilty, Agreed to pay $282 million over corruption charges
Walmart agreed to pay $282 million to settle federal allegations of overseas corruption, including funneling more than $500,000 to an intermediary in Brazil.
U.S. authorities went after Walmart under the Foreign Corrupt Practices Act, which prohibits American companies operating abroad from using bribery and other illegal methods.
The nation's biggest store chain settled both civil charges brought by the Securities and Exchange Commission and a criminal case built by federal prosecutors in Virginia. It said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million.
"We're pleased to resolve this matter," said Walmart President and CEO Doug McMillon in a statement. "Walmart is committed to d...