Vast Mexico Bribery Case



Vast Mexico Bribery Case

Introduction

This paper intends to summarize and analyze the article 'Vast Mexico Bribery Case Hushed Up by Wal-Mart after Top-Level Struggle.' The article referred to a case of 2005 when a former executive of Wal-Mart de Mexico wrote a letter to a senior lawyer of Wal-Mart. The former executive revealed that a bribery campaign was organized by Wal-Mart de Mexico in order to gain dominance in the market. The former executive revealed that bribes were paid for gaining the permits to open stores in every corner around the country. This case has been referred in the article in detail. The details will be summarized and analyzed in the paper respectively.

Discussion

Summary of the article

The article basically deals with the corruption practices prevailed in Mexico subsidiary of Wal-Mart. An evidence of more than $24 million was found to be utilized in bribery. The most important face that the article revealed was that all the top executives of Wal-Mart de Mexico were aware of these corrupt practices and they also made sure to hide such practices from the headquarters of Wal-Mart. The moral and ethical standards of business were neglected by these top officials of Wal-Mart just to enhance their presence and growth in the city of Mexico.

The article provided several evidences that showed the significance of bribery in the growth of Wal-Mart in Mexico. Wal-Mart managed to become the largest private employer within Mexico by employing around 209,000 people. The headquarters of Wal-Mart was not aware of these practices but when all they came to know about these corrupt practices, they tend to worked aggressively in order to gain information about what happened.

The inquiry team headed by Ronald Halter found around 441 payments that were made under the category of bribes. Further, the team ...