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US legislators hint at Walmart money-laundering

Wednesday, August 15, 2012

Two US House Democrats investigating bribery allegations in Walmart de México y Centroamérica said they have obtained new internal records that may point to evidence of tax evasion and money laundering.

Reps. Elijah Cummings and Henry Waxman, who are the ranking members, respectively, of the House Oversight and House Energy committees, disclosed the latest details of their probe in an August 14 letter to the company.

"We have obtained internal company documents, including internal audit reports, from other sources suggesting that Wal-Mart may have had compliance issues relating not only to bribery, but also to 'questionable financial behavior' including tax evasion and money laundering in Mexico," the lawmakers wrote in their letter to Wal-Mart chief executive Michael Duke.

Source: Reuters