Just Plain Stupid

Walmart to Pay $282 Million to Settle Claims of Corrupt Payments Abroad

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Walmart Inc. agreed to pay $282 million to resolve yearslong criminal and regulatory investigations into whether it paid bribes around the world, agreeing that it had lax policies in place to catch potential corruption.

The resolution comes after more than six years of settlement talks between Walmart and the U.S. government.

The deal requires Walmart to return $144 million in gains to the Securities and Exchange Commission and pay a $138 million penalty to the Justice Department. The SEC said the company’s actions violated the Foreign Corrupt Practices Act, which effectively forbids U.S.-listed companies from paying bribes to win business abroad.

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